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**The previous message contains wrong date (May vs. March 31). The corrent version should be:PKZ repurchased 590,800 shares between May 3 and June 7, 2005, calculated at:75,728,337 (shares outstanding as of March 31, 2005) - 1,137,500 (shares repurchased between March 31 and May 3, 2005) - 74,000,000 (shares outstanding as of June 7, 2005)
I believe you are correct:"PKZ repurchased 590,800 shares between May 3 and June 7, 2005"i checked the June 13 presentation detailsand there was 74 Million basic sharesoutstanding as calculated from:74.0 million (basic) as of May 31/05MarketCAP as of June 7/05 US$ 2,136 millionShare price US$28.86 (NYSE)June 7/05SO 74.01 million (basic)shrs outstdas of June 7/05 from MCAP & stk price infoSOyou are correct:"PKZ repurchased 590,800 shares between May 3 and June 7, 2005"ONLY about 600,000 shares in MAY!!!My guess is that they are being conservativeto conserve CASHCASH for ???to settle KAZ and LUKOIL lawsuits???to buy a % of CHINA-KAZ pipline???to buy NELSON resources or some other assets???:-)g