guys you are clearly missing the point of the excercise.It is to...

guys you are clearly missing the point of the excercise.

It is to get the SP up. Look at the timing - perfect giveaway. Weeks after the Placement. (Who else would do that?).

Begins 4 weeks out from the AGM. They fear discontent. Perhaps even competition/no vote for the directors up for re-eln.

Conjecture only but it may be that the 342k gradualy driving the bid down is for the opposite purpose.