to say that cedric thinks this is going south of two cents because he sold is rubbish...
it wasn't long ago some people were claiming he'd never pay the loan back with the one cent clause...... now the same people are criticising him paying it back... damned if you do, damned if you don't.
we don't know the exact cash position today.... but, it isn't just cedric that makes all decisions... jock, and the two peter's may have forced this action as far as we know.... they would be negligent in letting cash reserves get too low. Maybe it was the top 10 putting pressure on for cash at bank comfort...
cedric still has a truckload of shares that should this share price get halfway to the potential most see in it, then he'll have made a killing anyway. hell, we all know he can't control the share price, so maybe he figured two cents is better than possibly 1.9 or less... he can't control what happens.
the same people criticising this would be screaming if he ended up selling some on-market later if the share price had run a little... claims of halting a run in the share price etc...
i'm not sure what people were expecting??? they had already indicated it would be paid back this quarter... i'm very happy, cash in bank, and believe that cedric still knows he will make a fortune should management play their dealt cards well over the next few years...
NSL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
