I think a few larger sellers getting out of cvn has driven it...

I think a few larger sellers getting out of cvn has driven it down as well irynka - both cheap... imo.

For anyone that has been following the SAE buyback - I would be interested to know of the legalities or otherwise of buying back a large chunk directly from Oceanic.... when they began their selling the price was in the low 40's.... maybe a stupid question - could Salinas have organised an off-market cross-trade or whatever and just bought them directly at a discounted price - say 36c at the time to allow Oceanic to get out without the ensuing slaughter of the share price????

This could have placed a better floor on the SP and also stopped the weaker animals in the herd from also selling out as they watched the decline.

The share buy-back still has 9 million left to buy so if there was anybody else looking to offload a larger holding, (but why would you at rock bottom prices???), I would like to see SAE just buy them directly off market, if there was nothing to stop them doing it.