SSN 0.00% 1.5¢ samson oil & gas limited

Great - they're expecting to have a cash balance at 31Dec of...

  1. 10,204 Posts.
    lightbulb Created with Sketch. 1938
    Great - they're expecting to have a cash balance at 31Dec of only $100k after drawing down the remaining available amount of $4.5mil from the debt facility.
    As there won't be any production before December, then what do they do for cash in January? - Oh that's right they use the proceeds from the low-ball placement they do in November.
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.