I was a shareholder when we sold some land a few years ago, and we received around $40m cash for it. The share price spiked to 23c I think back then, and we were full of hope of becoming a significant oil and gas producer by wisely using the $40m cash. It's been an inexorable decline since then. That $40m was all squandered on drilling below par producers. It came to nothing. I eventually quit the last of my shares back in Nov '15 for 0.5c, and now they're down to 0.1c on the buy side. If they couldn't productively use the $40m in cash, what makes you think they can do any better with only $12m?
SSN Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
