Ann: Notice of Annual General Meeting/Proxy Form , page-14

re: Ann: Notice of Annual General Meeting/Pro... Furthermore, any thoughts on why the company would declare an increased buyback volume to cover the Camac overhang and then simply fail to use it to buy any significan overhang of Camac shares?

I have a theory: They wont be using it.
I now think that it was declared merely to give the illusion the price would be supported and bid up to higher levels in order to suck the public into buying the Camac overhang themselves.

You have to hand it to them, it seems to have largely worked, but it is a bad look. It seems LRL management want to hang onto their cash for a few years yet. It is understandable, because how else will they pay themselves while we all wait years, if the last deal was anything to go by, for the next 'project'?