SSN
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0.00% 1.5¢ samson oil & gas limited

Hi Mojo,Would "cash" backing be roughly 5cps:$62.5M Cash +...

  1. cmonaussie
    10,989 Posts.
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    30/11/11
    09:52
    Post #: 9364992
    Hi Mojo,

    Would "cash" backing be roughly 5cps:

    $62.5M Cash + Equivalents
    $17.25M value of Proved Reserves Estimates
    1.6B Shares outstanding

    Numbers per June 30, 2011

    Rest of company (guess that be Hawk Springs & Roosevelt) is valued as the delta between current SP and 5cps. I'd bet it will be worth more than 4cps.

    It is defintely getting cheap
    SSN Price at posting: 9.6¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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