SSN 0.00% 1.5¢ samson oil & gas limited

imo The hangover is over. It the prospect of further dilution...

  1. 5,224 Posts.
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    imo The hangover is over. It the prospect of further dilution that is keeping the stock low. If we has had these drilling results when the stock was 10-15 cents then funding for development would be easy the stock would keep rising. However the last two raisings changed everything in terms of sentiment. As i said the company has to prove that it can grow without share placements every quarter. That is not growing but rather diluting existing holders out of their investment. Only investors very late in the cycle may benefit.

    Barr recently said that the market should not discount the company's ability to perform solely on revenue and debt so we shall see. I do agree that Barr as not regained the trust of the market.

    Is anyone else surprised by how long it is taking for Bluff to even be tested?
    Would also be nice if Aus II delivered. That would be a pure bonus as it was written off and will remain 100% SSN.
 
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Currently unlisted public company.

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