you are completely missing the point stezz. SP obviously didnt...

you are completely missing the point stezz. SP obviously didnt think that this, compared to any other investment vehicle available was worthy of investment at 18.5 cps. How can someone who chose not to buy at 18.5 cps say it is now not well valued at 27cps. If it 'still' isnt good value at 27cps, then why on earth wasnt SP buying at 18.5 cps?

If SP wasnt buying at 18.5 cps because he owned other goldies equally undervalued, wouldnt it be a pragmatic decision to take the short term profit in NGF and then transfer that easy money into one of the OTHER goldies on the ASX. Say, maybe one of those OWNED by SP that he believes is even more undervalued than NGF was at 18.5 (evidenced by the fact he actually owned those coys preferentially to owning NGF).