Current average purchase price 34 cents. If I buy the same amount I currently hold at 3.4 cents this will reduce my cost base by about half to 18.7 cents. I don’t believe in averaging down, but this seems Iike cheap insurance to reduce risk.
@Finfree, any thoughts on current share price? My guess is Atomo are focussed on the long term - the WHO pre-qualification as a supplier of HIVST in 135 LMIC, where there will be significant global health pressure for spending to reduce HIV transmission. Covid was just a distraction and they are playing a long game. Gates-backed GHIF still hold a board seat, which I believe is significant. Any thoughts?
AT1 FY21 - General Discussion + FA, page-2135
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