Yep. I was very keen to support the company, but as soon as they announced a buy price of 25.5c whilst the SP was in the 30s, the price plummeted, as it would. Like you I bought more at 25c on market. The company is a spec, with no earnings, and no factual way of deeming the SP cheap or expensive. Most investors would say well 25.5c is cheap compared to the current 31c share price, but a week later when the share price was 25.5c that is all forgotten. Hopefully management can place the rest of the CR with an institutional investor and we can move on fully funded.
NZC Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
