re: Ann: Press Release - XTEK & Morgan Announ...
XTE 9mil MC at 4.5c, so that's about 200mil shares, they raised some 600k at 2.7c Sep last year I believe, so you can tell those soldiers quite prudent. also those fund was used to advance its Xclave technology, basically is a machine without really much human labour cost, so one day when they receive say 10mil order from whichever country's defence, you wont see 50% goes to labouring.
I expect 10c in August after they release its annual report. 12 month, at least equivalent to LBT MC if not more.
I was only on LBT since late last year, as far as I understand they haven't raised any for at least 3 yrs, some SA investors emailed me last week saying they were caught up at 27c many years ago, that's one of reasons I offloaded some of my chips this morning.
by the way, you know I said I am not going to post on LBT thread anymore, therefore, just put some comment here.
XTE Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held