SSN 0.00% 1.5¢ samson oil & gas limited

ssn buy in point?, page-15

  1. 15,147 Posts.
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    just buy em tomorrow at around 17c and you have got till dec 2012 to convert at 1.5c . or alternately sell them on market at any time. no probs with this stock if you have say :

    50 000 ssno to convert you would pay 50 000 x 1.5c = $750

    at the moment ssno are good value as they lag the heads up to 3c if this pattern continues and you convert the options you will gain an extra 1.5c each share if you then decide to sell the heads.for example:

    * you brought 50 000 ssno at 17c $8 500 then convert cost
    $ 750 = $ 9 250

    you sell SSN @ 40c x 50 000 = $ 20 000 less brokerage

    * dont convert and sell SSNO @ 37c x 50 000 = $ 18 500


 
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Currently unlisted public company.

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