Ann: Change of Directors Interests, page-21

The CEO was very positive in one interview agreeing that the shares were undervalued at 20 cents .
Why are they not buying at 13 cents .

They are sending a message to the market that they don't think they have created any value since CE1took them over at 14 cents ????
Despite much higher Energy prices now than at the time when that deal was made

The Executive Chairman buying significant parcels is very positive but it does not reduce the number of shares on issue like a buyback does and does not change the value metrics of the remaining shares .

The value metric for the residual shares goes up if the shares are undervalued but it goes down if the shares they buy are overvalued .

I think the shares are undervalued but maybe the Management that know far more about the business than I do think they are overvalued and they are fulfilling their fiduciary duties to shareholders by stopping the buyback and preventing the value metric of the residual shares from going down , lol !

Do they think it is likely that the price will fall further and they will buy them cheaper then or have they already bought all they intended to buy as they did not indicate a minimum number and gave all the necessary disclaimers .

They have done too much Ramping and not enough Tramping , lol .