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0.9¢ xstate resources limited

How is this possibke??!, page-10

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1lucky1f

131 Posts.

6

07/12/17

15:55

Post #: 29458946
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Originally posted by ricey007 ↑

Shares2,

I'm thinking that XST could soon be the best positioned of the JV partners.

I can't see the board holding out to try and get the full settlement. FWIW my view is that they will look to settle and anything over $5m in cash, for no dilution, for a company with MCap of $10m, a good interest in these wells and a smart CEO like Cosimo, seems like a good investment to me.

Unless one believes they won't get a single cent (seems unlikely) then buying at around these levels look well balanced to me, with plenty of exposure to the upside.

All imo

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Ricey... I second that! Totally agree.

XST Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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