SSN 0.00% 1.5¢ samson oil & gas limited

so much more to come, page-23

  1. 3,418 Posts.
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    I personally would like to say thankyou to you boiler as whatever you post is very amusing and it definitely makes the SSN forum more enjoyable.

    I say this as with your calculations you obviously have not made an allowance for cash held.....lets do a quick calculation shall we.

    Cash held prior to todays announcement as per Enercom presentation.....$16.25 million

    Cash received today.....$53.7 million

    Cash to be received over the next 2 weeks
    1920 acres....$6.288 million
    1339 acres....$4.385 million
    1056 acres....$3.458 million (maybe)
    Total....$84.081 million USD

    With todays closing MC including options at around $150m minus cash on hand gives a MC of around $66m and I didnt even convert the cash to Oz dollars so a true MC of even less is a fair call. SSN is still very much undervalued in relation to its peers and I will not be selling at these ridiculous prices.
 
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