share buy back, page-7

Ironically Z, you have answered my question for me. Thanks. :)

The reason the buyback hasn't begun already is it would force the CFE price up, and hence increase the likelihood that COV holders would accept the scrip offer. And CFE doesn't want that...

So, as has been pointed out on the COV thread, there may be an arbitrage whereby (in small volumes) you can pick up 'de facto CFE scrip' cheaper than on the market by buying COV. Hardly worth bothering with though...

But the COV directors won't want to lose their jobs, so they won't accept the offer...


Once the silly charade of this ASIC-enforced takeover bid is done with, I suspect the buy back may begin.

In the meantime, CFE will have a steady stream of good news, as the values of various assets are crystallised.

Y