SSN
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0.00% 1.5¢ samson oil & gas limited

SnowyFirst of all,at the moment just about every speccy on the...

  1. buc
    7,974 Posts.
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    15/08/12
    09:24
    Post #: 10569977
    Snowy

    First of all,at the moment just about every speccy on the ASX is a CCC.

    Secondly the likes of CCC have tonnes of debt in a low commodity price environment.

    Thirdly these businesses have no cash flow.

    SSN is earning $6000 net per day from our 300bpd which amounts to $2million per/yr.

    Defender and SOA2 are yet to come online

    Hope this helps

    SSN Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 24  Upvote
    lightbulb Created with Sketch.  Great analysis
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