Thanks mate, really thin on both the buy and sell at the moment, so any moves are quite exacerbated. A little surprised that it didn't develop a floor at around $1.80. I suppose a lot depends on what the intent of the buyback is - to increase shareholder value through increasing the share price, or by buying back shares as cheaply as possible...
I'm intrigued by the slow rate of buyback at this point. $642k in 61 days - so $10.5k per day. At this rate it will take another 5 years to burn through the $20 million. Logically, if they are going to complete a full $20 million buyback then they're going to have to step it up....
EPW Price at posting:
$1.72 Sentiment: Buy Disclosure: Held