SSN samson oil & gas limited
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Ann: Annual Report as at 30 June 2019, page-2

  1. cmonaussie
    11,263 Posts.
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    30/10/19
    14:07
    Post #: 41147079
    I guess that's why we haven't been relisted.

    Didn't take long to be in breach of covenants yet again.
    Still insolvent (Current Liabilities > Current Assets)
    Still Negative Equity(Total Liabilities > Total Assets)

    Why are can't the administrators be called in. There is no point to current mgmt being allowed to collect $300K salary IMO.

    Relisting on ASX ... not until they are solvent and can prove capable of remaining so.

    SSN Price at posting: 1.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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