whynot, I`m here in the states and have been long both SSN and SEA/sdcjf.pk since april 2010 [email protected] and [email protected] avg basis.. I totally agree that McCoy/sea has done a great job here, but, there is one area that TBARR/ssn is kickin his rump and that`s IR/PR.. TB/ssn has spent the $$s to promote his assets. 1) he went ahead and spent the time and money for a real US compliant listing and the annual cost of compliance 2) he hired Enercom to sell his company assets to the investing world..
As far as how the US shares work, they are fungible on a one to one basis with aussie shares. It`s even simpler than the 20-1 ssn adrs but it does keep a lot of US folks out of it, cuz at one time the PK companies were and still are(by some) considered scams, even though we know this not true in today`s global markets.
These two stocks are my largest stock holdings and I someyear sell some of them.lol. I call these my "twin" killers. wise move on your part to invest here as the seeds of growth have been planted and in 2011 they will spout. Those are the only two things that I find fault with McCoy/SEA management. Also, remember when TB went on his ROO and PONY show in OZ? SP went up, I expect the same here. glty and all here. I enjoy this forum. Not the useless pumping here that is present on the wahoo boards. But please, tell all your friends in OZ to stop flipping for pennies, as they`ll just leave dollars on the table.
SEA Price at posting:
$1.02 Sentiment: LT Buy Disclosure: Held
