Iron Brdg Res Inc. OEXFF

Buyback / Largest Holder / Chairman

[Buckbid]

-We're all familiar now  with the start of the buyback - I'm all for management using cash to buy shares that are lower than what most would suggest is "intrinsic value". 

-what hasn't been emphasized on this board and I think is worth pointing out is the relatively unique scenario of our largest shareholder (a fund manager, well over 10%) holder also the chairman of the board. 
 
-why does it matter and why should we care? Well, he likely has a good ongoing idea of operational milestones and is on the same page as management because he handpicked them a few months ago or at least rubber stamped. Oh, and he owns a whack of shares and continues to buy on an ongoing basis.

-Along with management, he'll have a good sense what's going on next door to IBR with Hammerhead and Velvet - which wouldn't be producing there own presentations for all to see unless the plan on going public at some point. I suggest that's another catalyst for IBR in terms of being valued relative to another public company with overlapping land packages. 

-we wouldn't necessarily care if the largest fund holder was buying, but in my view this scenario should boost the comfort level of other shareholders in the value shares represent at these levels.