SSN 0.00% 1.5¢ samson oil & gas limited

question, page-53

  1. 5,717 Posts.
    Obviously the exchange does matter. But if you look at possible movements of the aussie dollar to the us dollar this is a plus. There is only so much more our dollar can rise but the downside ( upside for ssn shareholders down under )is much larger. Next crisis in europe or anywhere else and our dollar will tank again. Not that people think the us is safe but during any crisis thats where the money will go.
    I am not in this for a longterm but more likely then not in my eyes we hit 0.155 in the next 3-6 month and that is good enough for me. With the amount of money in the bank and future payments the downside is fairly limited. This is quit a safe investment at these levels with good medium/longterm upside.
 
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