a buy or bargain.., page-11

There may be more shareprice pain in front of us as we approach the end of the financial year (tax loss selling). Looking forward to next financial year SEA will most likely be casflow and profit positive, so you would expect greater market interest as the company continues to prove itself with ever improving operational and financials announcements.

As a small cap, the greatest issue is visibility with management more focused on growth than profile. There's only one or two brokers covering them who clearly recognise SEA's value, but the herd is chasing the fast buck thru the uranium and other hopefuls, many of which never see a $ of revenue.

I'll take a stab at 50c for a 6-month call, cheap for a company that is now hitting its straps and with a lot of good news to come e.g. initial reserve announcement and continually growing casflow. In the interim it's a great time to accumulate before the market wakes up, especially with gas prices continuing to firm (up over US$8 overnight against US$6 for the same time last year).

Cheers

Spec