According to the sens on the share repurchase on the 28th Feb, they allowed to purchase shares at 10% above the weighted average trading price for the last 5 days which is 124 cents. Why place offers at less? The after up to R4.5 million worth and total value traded since the sense is R30 000. What reason would they have for not buying at 124 cents, its within their mandate? If they don't start buying soon they going to end up with nothing by the 9th of May (end of the share repurchase program).