SNE 0.00% 15.5¢ somerton energy limited

Gee - the share consolidation helped didn't it?!!! Before it...

  1. 2,992 Posts.
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    Gee - the share consolidation helped didn't it?!!! Before it took place the SP was at the equivalent level of 24-27 cents I believe. Hard to believe that for one day it got up to the equivalent of 51 cents (think the second day after relisting).


    Hard for me to fathom exactly why Beach kept them afloat. Was it to get some more money? Why must we wait for next year before the slightest hint of activity, and even then most of it is scheduled for late in the year. On past record, and, unfortunately I see no reason to believe it will change (despite Beach involvement), we will not see any action until 2012 by which stage the SP will be back to 0.008 cents!
 
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Currently unlisted public company.

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