RE: Second buy17 Mar 2015 09:44
There appears to be a significant amount of loose stock around, most likely from the placing in late 2013. Conversion of some of the loan notes has also been a contributory factor, as has the general short-termism of other "shareholders".
I had hoped that Downing would have taken up much of the slack, but we may need another institutional shareholder to come in, and take a few more.
In the short term I think the right price is somewhere between 11-15p. Anything higher will probably need another large contract.