Hi Grant,
Your point is valid as to it was a sizable drop but I think it was just over 10 cents from yesterdays NTA to the previous days NTA. It was the NTA 2 days previous that you are probably alluding to.
It seems that they did not buyback as they knew that the NTA was going o take a beating!!!
Cheers
Ann: Net Tangible Asset Backing, page-5
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