SSN 0.00% 1.5¢ samson oil & gas limited

I imagine it will hit a bounce point and, well, bounce today....

  1. 14,981 Posts.
    lightbulb Created with Sketch. 51
    I imagine it will hit a bounce point and, well, bounce today. Traders will be waiting for this exactly. I know I am.

    The allocation doesn't happen until Tuesday so if anyone wants to sell they won't be able to sell their allocation until then

    So, you have 2 days before this happens to do as you will.
    I feel 3.3c on oppies is a pretty impressive entry price, considering:

    1. It hit 3.9c yesterday
    2. In a few weeks this deal will be done (assuming no issues) and heads should be around 7c or 8c on cash backing) and oppies 1.5c behind that.

    Am I missing something?
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.