Ann: Daily share buy-back notice - Appendix 3E , page-17

re: Ann: Daily share buy-back notice - Append...
3 months since the buy back was announced. CFE and the big seller is still going at each other hammer and tongs.

It is an interesting situation.

CFE don't seem to want to give any ground on 10cents. With the volume as high as it is, it seems strange they don't back away and try and take the stock cheaper.

Conversly, as the seller knows there's a buy back in place you would think they would intice CFE to come up a little but seem equally as adamant in keeping the pressure on. Over the years have seen lots of these drawn out sells as it seems as though the seller is trying to punish the company for there poor SP performance, rather than sell out in one line. Also this sustained selling over a longer period also results in other sellers giving in adding to the downward pressure.

The only upsides for current holders is CFE has substantial funds and remaining headroom in the 10% buy back allowance to hold there ground if they so desire. The other is these shares will be cancelled by CFE and not accumulated and then filtered back into the market at 1 or 2 ticks higher.

At the moment thou patience is required as neither party seems to be throwing in the towel.

Just my thoughts.

Wassa.