Holla, whilst a buffoon and the last person to be relied on for financial advice, is correct in that if you are going to average down and hope to lower your break even point it won't get any cheaper while there is actually still some hope of them making money. If we go round again and nothing happens, nothing is signed and another cap raising eventuates.... While it will go lower, there is absolutely no chance of them making money from there IMO.
I've picked up some today to drastically reduce my average for a fraction of the cost of my initial investment. However let it be known this is a calculated risk to fix a bad decision (holding for too long in a down move) and no where near the only stock in my portfolio, so if it goes balls up I fight another day and am not severely limited in my ability to chase other opportunities.
NOR Price at posting:
2.2¢ Sentiment: Sell Disclosure: Held
