some dont worry when a share falls from 1.10 to .97 then a cap raise floor of .86
others whom are txn investors like me, have a little concern that a cap raising puts all of us underwater further. people advising others into this position care little, they have their reasons, but for me, i care about the position the txn position has me in.
depends on entry price, yours must be far better than the txn investors whom by and large would be bleeding hard right now.
sure, saying the grass will be greener if 4000 bopd is beaten as we exit 2013 is one view, but what if it doesnt?
the US investors are fleeing the asx.. so will they embrace a NYSE dual listing???
what will drive the share from the .86 trap until the cap raising is closed?? imho nothing is out here evidently showing its face to the market right now
sea has done brilliantly, and this cap raise certainly will cause some to reassess the reason sea gives itself such a low valuation today.
but given the massive discount it has offered the share price, the market has simply adjusted to reflect that, its following the valuation sea gives itself.
am i jumping over the moon that the share is plummeting and the aussie dollar plummeting 10% and not one cent of value is given to sea by the market?? nope..
as the US investors flee the asx, this may be state of things for months to come... who knows??
the resource sector is being stripped of all value, and the aussie is in free fall.. will SEA just rise like a phoenix from the ashes of the asx?? or will it follow the logic of what the directors value sea at??
imho its following logic.. if sea directors say its worth .86, then it must be..
but what will drive it off the base it is at? will the txn holders ever break even?? all yet to be seen..
SEA Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held
