Gee and here I thought you were talking about that other OZ oil company with ops in Wyoming - you know that one that has all that experience and yet hasn't been able to deliver the goods either....cap raisings.....more you know what and huge dilution.
Sushi unfortunately for most investors investing in the spec sector, dilution is par for the course. I've no problems with this if it moves the company forward as a business towards it's goals. I've learnt the hard way that it is so important not to tie up your money in a company which has no real gameplan and doesn't have rewards on the horizon.
The real gems are the ones valued as long shots but are on the verge of being in control of their own destiny. Samson, with their cash position and indemand leases, obviously fits into that category.
I just cannot believe that I overlooked SSN for so long. I kept on seeing SSN as one of Hotcopper's most posted stocks and used to think to myself "It's just flavour of the month for the ramping masses of traders. No point looking. It'll drift into obscurity" How wrong I was!
I only bought in over the past week, and almost missed out. Whether it's for better or for worse....we shall see!
SSN Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held