Great point Mervco. We don't know what will happen in the next...

Great point Mervco. We don't know what will happen in the next couple of months with the share price, but we both believe that price growth is a strong possibility in the next twelve months.

Looking at the next three months I assume that:
July - The June quarterly should show a much better result than March
August - Approval of 5ha mining permits
September - Annual report will show what we already know, that the company is currently self sufficient. The directors will also be able to purchase shares again. After the 6 monthly report, the directors purchased 700,000+ shares at 2.1c. Imagine what they would purchase if the share price is still sitting around 1.7-1.8c, with the approval of the mining permits?

The question is at what price should we add some more? I don't believe it will get as low as you suggest and don't want to risk not accumulating when I had the chance. Everyone whines when they miss out on a share because they were waiting for the price to go down. You never hear anyone complain that they bought a share at 2c that went to 20c, but went down to 1.5c first.

All just my personal opinion of course.