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1.5¢ samson oil & gas limited

Ann: Form 10Q 31 March 2017, page-3

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18/05/17

06:53

Post #: 24757878
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Originally posted by Chrysipp37 ↑

Hahahar....are they coming to disembowl?

Page 8:
"As disclosed in the financial statements, we incurred losses of $2.8 million for the nine months ended March 31, 2017 and had cash outflows from operations of
$1.5 million. As at March 31, 2017 we had net current liabilities of $26.2 million. Our ability to continue as a going concern is dependent on the renegotiation of
our finance facilities and/or a partial or full monetization of our assets.
We have commenced refinancing discussions with our current lender and have also commenced discussion with an investment banker representing non-bank
financing. Based on our current financial position we may be required to accept terms less favorable than would otherwise be available to us."

c

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dow smashed last night at least wouldnt think we can get much lower,sigh

SSN Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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