XST 0.00% 0.9¢ xstate resources limited

Ann: SGC: Extended Production Test Planned for Dempsey Well, page-6

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  1. 5,057 Posts.
    lightbulb Created with Sketch. 40
    gonnfishin... the 'wheels of justice move slowly'... the Summary Judgement amount does give grounds for Appeal, and any 'Writ of Sale' issued against assets held by the 3 will be years away...imo... hence the compnay wanting to 'negotiate a settlement' in the near term. That may mean covering XSTs costs, and a couple of million compensation..... either that, or they grind on, shelling out shareholders funds at a time these are need for normal operations...imo
    You can see by the PnD last week how the market views XSTs chances of any meaningful recovery here...imo
    GL
    DYOR
 
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