I agree regarding the buyback not performing properly. I think...

I agree regarding the buyback not performing properly. I think the share price can only go up in the medium to long-term. Given that they placed institutional shares at a significant premium to the current price, buying back shares at this discounted price would be significantly adding to shareholder value (roughly 17c/share if I'm doing my maths right). If they intend to buyback another 14 million shares, the time to do it would be now, and not when the price is higher, unless they are having cashflow issues- which may be possible, I'm not sure how they collect their payments from their developments...