So,let's make the real time case for that argument:

EXN announces a share buy back on Nov. 29th. Low of that day was .44 cents.

Today,EXN sits at .48 cents.

EXN has a quarter the production of AUN now (never mind the ten million oz profile ),no resources to speak of and 279 million shares o/s.

With Lenic and his shareholder punishment program we have lost nearly half of our investment since October.

With a share buy back you are protected.With Lenic you are subjected. Any questions from the peanut gallery rah-rah rollback crowd/Lenic fan boys?