daytrades june 3 pre-market , page-31

Mrkr as Border Controller when's the sell in May and Go away crowd coming back. This thread getting smaller

A RESOURCE STOCK WITH NO DEBT IS ONE TO WATCH

Sydney - Friday - June 3: (RWE Aust Business News)

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OVERVIEW

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SAMSON OIL & GAS (SSN), which has just repaid its debt facility that once stood at $US21 million, is certainly worth another examination.

The company's shares are trading quite low at 13.5c, though one concern is the size of its $1.7 billion capital.

Samson no longer has any debt on its balance sheet, and its current cash balance is about US$61.2 million.

Samson holds its cash and cash equivalents in three US dollar denominated bank accounts ($54.8 million) and one Australian dollar denominated account ($6 million).