Revenue is in USD. Convert that to aussie at exchange rate today and exchange rate from ""not so long ago"" - does that tell u anything.
SEA just had a massive CR and of course 70% just want the quick gain or reduce exposure, that work over looks like coming to an end soon. Then the assets we bought are development assets not assets pumping away all guns ablazing so its going to take time.
Granted would be nice to be about 10c now but if oil market holds ( and remember its your President that wants lower oil) then its just a matter of time. If they execute effeciently then should have no issues.
Your issue is you kept doubling down but eod of day if someone cost averages down then they must have some strong conviction. So I suggest go back to the drawing board and ask why your conviction is so strong and ask yourself whether your own thesis is sound. If so then hold and wait . If not then your decision time.
No matter how much you complain SEA is listed on ASX and they not going to do a 100:1 split.
SEA Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
