The art of topping up

CHN was first bought in early 2011.  It was a high risk stock and it took a plunge.  Since then it has sold its prime asset in Eritrea to the Chinese for cash.  That cash was worth 32c per share and the stock is only valued at 20.5c when I topped it up in May 2012.  The debt level was I recall very low.  Hence if the company was to be liquidated, I would make instant cash profit without even selling its rights to other tenements.

Today, it is worth 29c.  If I didn't top up with a bigger parcel in May 2012 when the stock has got cash value worth more its share price, then I would have suffered a much bigger loss.  Of course, if I had a lot of spare cash, I would have bought even more!  Who would give you 32c when you pay 20.5c?  This is no art at all, just simple arithmetic that even my father with only 2 years of schooling could see as value for money.