I think you need to contact ASX and discuss how buyback's...

I think you need to contact ASX and discuss how buyback's operate under the 10% / 12 month approved scheme.

As for participants in the CR being happy or not, i think investors (not punters, newbies, gamblers etc) wouldn't be too fussed as they, such as me, don't invest for 6,12,24 months but years and secondly if they were happy to pay 20c they sure as shit should be very happy paying 16c given fundamentals have improved. Investors that understand the markets, the process, wouldn't be concerned one iota in my opinion and be averaging down... such as Glenn, who participated at 20c and buying more. MD/CFO have bought shares also which is far better than many other stocks where mgt put nothing in except be issued options and stock year after year.

As for mgt discount, there's a plethora of O&G stocks that have come off or undertaking buybacks and share price is drifting. Not just ASX but overseas companies worth many multiples of CE1. The sentiment isn't as strong as 6 months ago sector wide but fundamentals will prevail.

GL