Newtrader, I can't say that the share price won't go down further however what I can say is that it takes a lot of time to set up a successful oil and gas company. I have had experience with AUT. I got in about 5 years ago only to watch in horror as the share price slid down to as little as .13 (only in part due to the GFC) however a friend experienced in O/G plays helped me keep the faith. My patience was GREATLY rewarded. I learned that companies are not built in a day especially those that are in new areas and using new technologies. Once these companies get into a rhythm - watch out! There are always delays, accidents and mistakes but as time goes by they become fewer and fewer. SSN has the management, money and acreage therefore I have no doubt (IMHO) we will all be GREATLY rewarded for our patience.
SSN Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held