This company has allocated over 30 million to buy back shares...

This company has allocated over 30 million to buy back shares and have been buying on market over the last two months in the range of $ 1.20-1.35. That is more than 50% higher than the current price. They paid dividends a couple of months ago and now has promised to do the same next year. As someone has pointed out, directors have recently been buying at much higher prices. I would say, this is one of the best buys below $1 in ASX at the moment.