Analyst: Jon Bishop From Euroz Date: 26th February 2014 Capital Raising Price Target: $1.60/sh Investment Case: The proceeds of the proposed placement will service an accelerated pace of development as well as build long term drilling inventory via further lease acquisition in core asset areas. The placement is appropriately sized to avoid unnecessary dilution (now without the need to create liquidity on a new exchange) and still meet the Company’s growth and value crystallisation strategies. SEA can effectively leverage its strong debt-cash funding position and sound capital management to deliver excellent shareholder returns. Buy
SEA Price at posting:
97.0¢ Sentiment: LT Buy Disclosure: Not Held
