Futures have not been a good indication of late. Trading pattern seems to have them open slightly higher, with sidways movement through the day with a strong selloff towards the end. I couldn't tell you how many times the futures have been positive and the US session falling away in the last 30mins of trade. Employment figures released tonight will give direction and IMO they wont be good. I really cant see this hurting SSN too much, the main movement at the moment is due to this deal, profit takers are whats keeping it down, maybe little of the weak oil price as well.
The short term question is quite simple, by the end of this month how much cash will Samson have? $80m? $60m? $0M? Take a pick, there are plenty of market cap valuation posts here.
SSN Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
