Our share price is being driven by market sentiment and not fundamentals within the company. Even when we outpace the rate of network expansion it doesn't prop up the share price it merely increases our yield. Prevailing sentiment is that small mining companies and individual miners will be unable to compete in the near future. That I personally believe they're mistaken doesn't matter. I will continue to focus my efforts on the things within my sphere of influence.
Cheers.
If anything, IMO, time to buy more.
Bring that average down and when it goes back up (it will), you'll be pleased. bASIC has to be one of the best run outfit, large capital reserves, competent management both in terms of technicality and financial reality.
The dividends talk.
I agree, some more equipment would be nice.
I for one, would also be fine if bASIC took 10-20% off my dividend so that it's a 50/50 split between dividends and purchasing new equipment. I think in the long run that may increase dividends and if they ever went back to the 70% they are now, that would make even higher dividends.
But again, not sure if you want to do that and not sure what other shareholders think.