Hi Wilson, Ange08 and all other knowledgeable posters on the SSN forum.
Firstly - thanks for your posts and input to date. Always enjoy reading your thoughts and comments. Both here and other stocks like BCC, OBJ, etc.
Still one thing bugging me about this stock and has caused me to hold back on pushing the buy button over and over again (to my detriment).
SSN AUS is 1 for 20 of the SSN USA stock. SSN USA currently trading at 54c odd as far as I can see (feel free to correct me if I'm wrong).
For SSN AUS to rise 1c, SSN USA has to rise 20c. Do we see this as acheivable/realistic with the projects they have currently? For SSN AUS to be at 4c we need SSN USA to be at 80c... People who are more knowledgeable - would appreciate your valuations of the prospective targets...
If I divide 54c by 20 I get 2.7 and we're currently trading at 3-3.1c, that means we've already got a little over 10% non true value built into the current SP based on anticipation of future results. I know you both are all for "keeping our heads cool" so would greatly appreciate your thoughts on this.
No this is not a down ramp or anything like that.
Good luck to all. Should be noted - last time I queried this price difference, the stock jumped big time on news. So if it does this again you all owe me - again! hehe
Look forward to the responses.
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