PSA 0.00% 2.1¢ petsec energy limited

Agree the timeline has been disappointing but the key for me is...

  1. 568 Posts.
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    Agree the timeline has been disappointing but the key for me is they have not blown the cash.They have slowed things down not to do so.

    I firmly believe they are very protective of the 20c in value in the co as that was the raising price. If ever there is a privatization(wont happen)it will be at least at 20c. Too many people close to Co were in that raising...this is not a company that burns long term shareholders deliberately.

    I think at these levels its vg value but I thought that at higher levels.

 
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