buy back, page-5

Stu

I hear what you're saying, however, don't you think that LST are missing an opportunity here to pick up distressed stocks. Afterall they are an investment vehicle specialising in mining aren't they??????????/

All I am saying there are other ways to increase shareholder value. Things are so fluid atm and LST have to remain fluid as well. They were quite lucky with the IRN sale. Obviously some will say that they knew what they were doing. However, think if they deploy the cash to pick up a few distressed stocks that meet a certain criteria. $80m dollars worth of BHP in the last week would have a reasonable trade for example.

I hope you are right as I will not be participating at these levels and the final price is to vague.

Cheers
BW