new thread, last one too long again......This is how I see the...

new thread, last one too long again......

This is how I see the present play, not saying it's the only viewpoint, just saying it makes enough sense to me to be worthwhile FWIW for the present state.

Re what is being referred to as "the sell down"..... the background of this has been repeatedly given by more than a few posters today so don't know why it's not being accepted, except the forever upwards brigade seem to be the ones moaning about it.

The issue is the freebies and where they sit in the scheme of things, they are multi-task freebies btw, depends who's got them at the time.

recent issue was .007 each and half a free oppie, the underwriter needs to get their money back in and it's slim pickings especially while a large holder is disposing at the same time due to lack of patience or whatever.

.005 is there to shake any recent or long purchasers, its just a test, .004 is a net to make a margin, maybe the underwriter is in there, maybe not, it's all about margins and risks.

the oppies are going for .002, half that that adds nicely to .006 as a distribution level for the underwriter or anyone else who wants out of the recent issue, so .006 is going to last as long as there is a strong desire to vacate, there you have it in a nutshell.

The more oppies that go for .002, the more heads can be sold at .006 and still cover their cost and vic versa, and the more risk is transferred away from the underwriter.

This is a widen the risk period still, or rather a transfer the risk to those who can afford to take it, and that is the backbone principle behind cap raisings.

So....... when the risk is dissipated enough and while enough are still held by those who don't really want to hold them toooo long, we will progress to the next stage which will be more volatile for a short period and fed by news, and a whole lot more risk transfer will take place at a much better margin, :) . Then it's on to the next stage whatever that may be, and so it goes,

If you just want it to go up all the time BECAUSE YOU OWN SOME, you're in the wrong game or don't know what's going on or don't want to believe that everything gets paid for one way or another and cap raisings and underwritings have to get a return or they don't happen very readily. Pax is handing out opportunities to make money so it can stay in contention to actually produce something someday, and if you believe then you will follow, 1st Testament......

Bakrie are seeing if this tiddler of a co can survive and whether it's worth stringing along into the future.

There I just touched on the Indonesian interests in the above ever so slightly so be mindful to add a heap of other dimensions that have so far been almost totally neglected by the white aussie investors and live with it without moaning please, because there will be plenty of real stuff to moan about that you won't believe could stuff you around a hundred times more than you ever been stuffed around before, before PAX deliver any sparks to anyone.

no need to moan about the sell down if you failed to grasp the message, plenty to moan about later, that's why risk is being spread.....