re: Ann: Samson enters into a US$25m credit f...
Well this is not a surprise but it is disappointing that the company's cash position has declined to the point of needing to borrow money. 3 years ago we had around $70m in the bank from what I recall, when we sold a parcel of land. Now that has been burned through and we need to borrow. Let's hope the company can use these funds more efficiently than it was able to use its own money.
Also - where's the progress report normally supplied to the market every Tues.?
SSN Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
