It’s a negative, I agree , but everything needs to be looked at from a valuation perspective and the impact assessed . The cost per month to the company is immaterial and really doesn’t justify the 10s of millions wiped off the market cap. You would think it should be trading around 14-15 with the uncertainty not 10-10.5
don’t get me wrong , for me it’s been a great opportunity to get my average price down significantly .My lowest purchase was 8.2 Across all my holdings I have an average of around 12 across a 3.4million shares and I am confident of extracting 40% plus over next 18 months
IMA Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
