fd, I think you are right re price coming off. My view is that...

fd, I think you are right re price coming off. My view is that it is a stock that is off the radar of most brokers and investors. Thus, when we see an announcement, it gets temporary attention from shareholders, which then leads to some purchases. However, once that demand has been satisfied, it slowly drifts back given lack of ongoing demand and shareholders that need cash have to accept whatever price is on offer.

Permanent and Laxey seem to be taking their time to get their act together, so could be an opportunity to top up again over the next month or two IMO, if not longer.

I wouldn't be surprised if it takes at least another 12 months for any capital to flow back to shareholders, and some will always lose their patience.