Ann: Announcement of buy-back - Appendix 3C, page-17

If AOG had of jumped in with Buyback from day one then SP would have probably risen. By applying some delay tactics may mean the sp remains depressed a little longer, but hey, it will also result in less outlay as a result. Think of it this way, wouldn't we want to buy any ASX coy as low as possible, then think of it that AOG is us & in the end its to our advantage to buyback as low as possible. Unless one wanted to liquidate their holdings right now.