As was discussed in a recent thread, I think it was $0.13 about 3-4 months back, so would be a bit less now. Even so, though, the cash/asset backing is irrelevant to the share price (as has been demonstrated by other companies).
I never thought it should have dropped below $0.40 personally, but I was wrong. I'm sure most predictions (by myself and others) will be wrong in future too. I am out of this stock (with a big loss that could have been even bigger) at the moment and not buying back in until there's solid positive news. The roadshow and other publicity may cause a short term bounce, but with the general pessimism persisting for many months to come (notwithstanding the fact that this sector should theoretically be largely unaffected), I am punting on more downside.
Off to the races at Caulfield today - hoping for better luck!
AVX Price at posting:
12.7¢ Sentiment: None Disclosure: Not Held
