I too am interested to see what the trading halt is for. I'd...

I too am interested to see what the trading halt is for.

I'd definitely rather SEA not get taken over, however I wouldn't actually view it as a bad thing if anything went ahead- nothing bad about receiving a premium return on investment and wiping risk of the table.

If it were an offer, what is good about SEA's position is that since they have so much cash, potential take-over suitors will have to pay a premium on the share price, which will not only be reflected in a premium for the assets, but also a premium for the cash.

I.e. SEA is massively undervalued on assets alone, but considering alot of the share price is for the cash on hand, any suitors will have to pay a premium for the cash on hand (which is bad value for the suitor essentially), however hopefully it'd get the shareholders a price which is more reasonable I suppose.

I.e. if the market prices SEA at:

$150 million cash
$70 million asset value (which is absurdly low)

then a 50% premium will be $1.20 per share, which could be viewed as being:

$150 million cash
$180 million asset value.

Hopefully it isn't a take-over offer though, I'm keen to ride this out for a long time, especially with the Mulhall area starting to hot up.