Hilarious, Some folks say they were happy to buy when it was 70c or 80c or more, but now that it is 20c, there is clearly a problem and they are frightened to buy. Yep, that's it, buy high and sell low. Way to go.
This thing has 10c a share in cash & little debt. So, even if it just breaks even or makes a small profit for the year, so what - you are paying 12c a share effectively meaning the effective market cap ex cash in the bank is 54 million. Even a 5.4 mill NPAT at PE of 10 covers that. It is a risk I'm willing to take.
NMS Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held