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1.5¢ samson oil & gas limited

Ann: September 2014 Quarterly Report and Appendix 5B, page-7

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buc

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31/10/14

15:38

Post #: 14217449
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Originally posted by miningnut ↑

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.

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http://www.businesswire.com/news/ho...l-Gas-Enters-US25-Million-Credit#.VFMSDjSUcbA

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Last edited by buc: 31/10/14

SSN Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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