The suggestion that SAU should contemplate a 'share buy back'...

The suggestion that SAU should contemplate a 'share buy back' reveals wishful thinking and a stunning ignorance of the pre-requisites for a SBB .... like you need to have the cash to do it and the business needs to be sure that it will have price & income appreciation (to attract new share buying at higher prices) to justify diverting cash, otherwise you're just gold platting the door handles of Thelma & Louise's car as it heads towards the cliff.
SK is underfunded, and so too it seems is the Kalgoorlie field of dreams. Even if Cannon UG delivers 20,000 oz, if the same formula applies as for Cannon open pit, then AISC would be minimum $1200/oz, and assuming that the POG remains $A1600+, then 50% of the profit share would be $4m max .... meanwhile SAU's cash burn is not insignificant. My head count of the company significant staff was 10 .... average salary would be $150k (minimum) = $1.5m per year plus listing and office cost's plus a bit of drilling and promotion etc etc ..... $3-4m per year ?? Current cash reserves will not last 2 years, without a top-up.
SAU true believers are wavering, and how many would part take in a capital raising ??
Despite Simon's eloquence, no new share buying appears to have occurred, and one parcel of 170,000 shares knocked 10% of the SP .... what do you think a million share dump would do to the SP ??
SAU needs to put every spare dollar into establishing cash flow or else, it's going to have to start to downsize staff .... and by then SAU will truly be a 'penny stock' ...... SMTM !
The good news is that the lower the SP falls, the more likely it will be a 50 bagger for some if SAU ever finds its El Dorado ..... "always look on the bright side of life da da da ".