SSC not likely to go into administration, it has no debt as far as i know and have not committed to any costly purchases. It still hqve money from last CR so its safe to buy in at the low. I am waiting to see how low it will go. Have to get more shares based on the many possible projects and if current projects did not eventuate they will continue to look for others. Though be prepared to hold really long for projects to come about. With Peelwood, Monty, Elsienora and Bodgan these are worth at least 2.2c price in the last credit raising valued by the directors. At 1.4c now you will be laughing when more projects are confirmed.
The 20m CR may happen but only to buy valueable projects IMO and when share price is higher so not to increase the issue shares too much if they are thinking of consolidation.
However, readers please make your own decision and research.
SSC Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
