That has always been their policy though, it has been what has...

That has always been their policy though, it has been what has happened every time they draw down the shares. they then dump on market at a profit.

Good on them, they have their plan and stick to it.
Buying at 27c is not that bad a thing, no-one can buy at the bottom and sell at the top and just because the paper value has gone down by 35% is not the end of the world. Dont look every day. You have full shares, they will be there in 5 years, no panic. I have bought since they dropped, haven't sold a thing, on paper that has cost me a cool six figures on paper just on ops.
Yep, that hurts! But always was holding throughout the drilling program and am staying with it. the thing is i am still up on what I have paid, until recently i had a price i bought at and no more but I did grab some the other day which I may have got cheaper if I had held out.
basically, it is not the company's fault how the market is going and share price means little on it's prospects.
cheers