I envy your position here colinchi and if I were in your shoes I'd love to see even lower prices too so I could buy more but I have been averaging down since the mid 30's and have quite a sizeable holding now.
It's clear to me the sp has for sometime now been totally disconnected from the fundamental and rational value of this company and today only represents the price of distress which the market has assigned to one or more large holders forced to exit.
It wasn't that long ago when IVA was the top performer in my portfolio and I have no doubt it will be once again by an order of magnitude in the future.
good luck to all.
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