SSN samson oil & gas limited
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Ann: Foreman Butte Project Update, page-5

  1. dougfr
    1,143 Posts.
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    05/02/18
    13:25
    Post #: 30825373
    The Company has a market cap of $6 million and debt of $30 million, the prospective buyer has rescinded its agreement to purchase Forman Butte as they "are unable to arrange finance", the Company's current lender requires the debt to be repaid ASAP, and refinancing can only occur if the associated costs are removed. Can it possibly get any worse?
    SSN Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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