Very buoyant SP today, HNR up 2.5, most mineral stocks are motoring. and if SEY had kept up with the AVERAGE oil company in 2005, the present share price would be 22.0/22.50 p.
( based on 26% gains average on oil stocks year 2005. )
this means we underperformed if we didnt trade it ( I did so).
Yet , SEY's projects and near-production, suggest SEY should OUTperform the sector in 2006 - IMO.
Can not SEY perhaps do what CNE did and treble? that takes us to 54p!
- it is EASIER for SEY to treble than CNE as CNE was already highly capitalised.
We just need one GOOD catalyst.
A more undemanding view could be to get back to PAR plus some, a premium 26% this year? would take us to 26.6p. Then I dont think we'd be unhappy about 2005.
PS adding more HNR this morning.