SSN 0.00% 1.5¢ samson oil & gas limited

Hahahar....are they coming to disembowl? Page 8: "As disclosed...

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  1. 239 Posts.

    Hahahar....are they coming to disembowl?

    Page 8:
    "As disclosed in the financial statements, we incurred losses of $2.8 million for the nine months ended March 31, 2017 and had cash outflows from operations of
    $1.5 million. As at March 31, 2017 we had net current liabilities of $26.2 million. Our ability to continue as a going concern is dependent on the renegotiation of
    our finance facilities and/or a partial or full monetization of our assets.
    We have commenced refinancing discussions with our current lender and have also commenced discussion with an investment banker representing non-bank
    financing. Based on our current financial position we may be required to accept terms less favorable than would otherwise be available to us."

    c
 
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