What will it take to trade at NTA premium?, page-13

Its a bit hard to be excited when my core holding was at the IPO price of $1 which it has only ever exceeded once and that was a bit of a pump and dump to get the option holders to take up the options before they lapsed. I have averaged down several times but it will need a good rise to get be back above water. My expectations about the likely rises have always been muted by the historically low reaction punters seem to have to increased NTA in this stock. Do not get me wrong I expect a reasonable rerate off the back of these increases but probably not as much as the NTA itself if history repeats.