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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: pogohere who wrote (100973)5/16/2008 8:48:26 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206334
 
pogohere, Southern Star Energy (SSEY) -- thanks for the info. I still have the company on my radar screen but have yet to buy any of the stock.

The price of the stock seems to have already baked in a substantial amount of resource potential for this company.

A cursory look at recent filings, together with all this recent drilling and completion activity, would seem to imply that they are close to running out of cash -- have I missed something? Do you know if they are trying to do a raise at this point? In situations like these its often best to buy in the PP vs. on the open market since you usually get a healthy discount to the market plus you usually get warrants.