SSN 0.00% 1.5¢ samson oil & gas limited

Rising like a Phoenix, page-33

  1. 1,901 Posts.
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    I'll meet you half way cmon and speculate the following...

    Perhaps the sale of FB was put in place before MOB agreed to extend the debt and SSN was running out of options and prefered to sell on their own terms as opposed to an MOB fire sale that would leave SSN with nothing.

    Bids on FB close on July 13 and looking at other properties on Energy Net It appears the bid process is 1 month long. So that would put the date that Energy net listed FB as June 13 and it would have been a few weeks before that when SSN started discussing the listing and that al takes it well before the debt extension date.

    Now that MOB have agreed to the debt extension SSN may be happy to continue FB development and will only sell if an offer too good to refuse is received

    What I find a bit strange is that the sale listing was not announced to the market ?
 
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