maybe they couldnt get a hold of another stake in FP..
and if you look at there previous FP drilling ANN it states the board values the shares at 10c.
although they sold a similar stake, it doesnt really matter does it.
Wasnt Channel 9 sold by Murdoch, then re-bought again for a a rough 50% discount to what he sold it for- thus, that doesnt mean what SG is repurchasing is a dud.