I've been researching SSN for a number of days and what sells me on the stock is the resource pipeline. I've just bought a few oppies @ 6c. The big risk is medium term liquidity and unlike BCC and VIL, SSN is not a lay down mazzaire play as the company already has enough cherries picked and in the bag (albeit at reduced interests). SSN needs POO to stay high.
Yeah .... POO will in any case be much much higher by the time the oppies expire. Assuming enough cash is there to progress the drilling and development program, the future value of these mineral leases may be a multi bagger.
If things don't go entirely to plan Macquarie would probably enter into a deal similar to what it had with BCC. Such a deal would significantly reduce the number of bags on the one hand but ensure continued operations on the other.
Cheers and good luck to all holders.
SSN Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
