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16.5¢ sundance energy australia limited

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freddyflintoff

466 Posts.

26

03/07/20

11:42

Post #: 45622356
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Originally posted by tt2000 ↑

I am also bullish higher oil prices, but unfortunately with the mandate by the banks to raise capital by Sept, unfortunately i think almost impossible for snde to survive until those higher prices.

I've rolled into a bigger version of snde. Slightly less upside, but also slightly less downside (ie more chance of making it to those higher oil prices)

Final straw was Lonestar inability to pay interest

And

Eric and co want 10% equity if snde has a gain of 100% from $3.33 - that tells me that's their stretch target (I.e. $6.66 in a sale).

Sold 80%, kept 20% so I don't go totally crazy if this runs

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I am also out

SEA Price at posting: 16.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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