great asset, great potential

Hi Miningnut and Probate,
Appreciate your posts as having a long-term knowledge of PSA ....... and what a rollercoaster it has been over the last 10 years.
My opinion (backed up by a significant shareholding) is that their assets less liabilities exceed their market capitalisation by a goodly amount.
The debt situation needs resolution and they seem confident that this will occur over the next month. It is obvious that part of the plan going forward will be an issue of some kind ......given that they have only 230 odd million shares issued, I don't see this as a problem when being used to develop oil at Beibu. There are lots of small oilers out there with negligible assets and more than a billion shares on issue.
Bring it on - a one for two at 15c, maybe ?
Bottom line for shareholders or ''would be investors'' is what the Beibu Gulf asset (reserves and potential) is worth.
I've made my decision and from recent price strength it seems that other are also considering this.
I would appreciate your opinion/s as it is pretty quiet on the PSA thread !
Regards.