Ann: FY2018 Half Year Results Investor Presentation, page-6

I think this company has always been a bit in the 'too hard basket' for analysts. I'm expecting it to run up harder early next week (hard to know what to expect on a Friday), and like you think that the $2 range is pretty achievable by the point that the buyback starts (12 March). From that point the buyback will put a very solid floor under the price. - a $20 million war chest allows for the buyback of just under 4% of issued shares at $2. I'm going to have to read more, but the fact that M&A was mentioned has me intrigued...