Ann: Wallace South Exploration Update , page-10

lionel, tax refund? I would not mind being in your shoes...I have to pay the piper

It's a good time for a company to be cashed up alright..Ian, a director at Heron is telling me there is a lot of juniors with good properties needing cash here and overseas. Totally the opposite of last year when cashed up buyers had to pay through the nose
He is now overseas probably sniffing out a good opportunity IMO
So perhaps a buyback is not a good ideas after all for Exco