SSN 0.00% 1.5¢ samson oil & gas limited

the niobara acreage is not proven, page-42

  1. 3,089 Posts.
    Now that is a comment that really worries me Wilson - the comment where someone you know suggests that brokers may be capping the stock.
    Whatever happened to the concepts of 'a free market', where 'price discovery occurs'.
    No 'price discovery' in the ASX, in my personal opinion. Only 'price manipulation'.
    Sure, in the long term SSN can overcome all the manipulation but surely you of all people would have to think that a company like SSN - debt free and making oil discoveries and producing oil - has a price going nowhere.
    Yet, on a big down day on the ASX, a stock like GDY - which has not made or proved anything in 10 years of 'hot rock' technology - goes up 25 (twenty five) per cent today and 50 per cent in a week, on nothing more than a power hungry socialist government promising to throw money around like confetti at a wedding.
    Something is wrong with this picture??
    SSN discovers and is producing, a commodity (oil) that is essential to all industrialised countries and does it in true capitalist style i.e. helping to meet a worldwide demand in an age of shrinking supply - but the price goes nowhere.
    Meanwhile, on the same day, GDY, with a 10 year record of failed technology in 'renewable energy' and not moving on capitalist principles but instead, the exact opposite (socialists throwing money at the technology - reminds me of the USSR) - goes up 25 per cent.

    It's a mad, mad world.....must make sure I buy that Dvd mentioned by Boiler - "Inside Job", or how the GFC really happened. I rest my case and end my rant.

    All the above is my personal opinion. DYOR.
 
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.