If just one of these wells cleans up okay the pessimism will turn to excitment in 3 seconds flat. I honestly believe that it won't take much. That said it will take something to trigger the change.
People need to see opportunity. The more opportunities the better. SSN has a large number of possible opportunities but the last announcement put a dampener on almost all of these.
For whatever reason (can't be bothered speculating on this as that has been done to death) the company failed to highlight any of the possible possitive developments from this point forward thus leaving many holders feeling pretty anxious about the overall plan. Its much harder to use ones imagination to theorise about where this can go if management don't provide context.
If management suddenly become more lucid or heaven forbid just one of the issues is resolved and flow rates result then this board will be working overtime to rebuild the sketch of the future which we all rely upon to picture the possible destination in our minds.
The next update is due on Tuesday. No idea if they will wake up in a better mood that particular day, but if they do and the glimpses are there then it could quickly become a game of pile on.
Not suggesting that we get our hopes up for this coming announcement but rather suggesting that at this point, and at these prices, almost any good news could turn this around rapidly. I really hope they have something to offer the market soon.
SSN Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
