SSN 0.00% 1.5¢ samson oil & gas limited

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  1. 2,083 Posts.
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    I remember back when vil dropped on low initial flow rates and no oil from FP#1. Now that was a justified reason for a drop.

    Here any justification for a drop is much more fickle. SSN set expectations at 300-500 bpod. They currently have over 1000 bpod and it could still improve (and it's oil). Talk about exceeding expectations.

    Unfortunately the things against seem to be:

    - Too many shares on issue (leads to more weak hands than normal)
    - A market with expectations way way too high

    I think the people who will make money here are those with a long term perspective who see days like today for what they are - a good opportunity.
 
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Currently unlisted public company.

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