XST 0.00% 0.9¢ xstate resources limited

XSTATE RESOURCES LTD -v- QIN, page-7

  1. 3,052 Posts.
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    Agreed GF if you were one of the Sanston 4 which option would you choose;

    1. Pay the $25m at 3.8c and receive 658m shares. With the quality of the Sansinena asset, the oil price going up and the increased barrels oil per day the shareprice would more than likely be in the 8-10c range now. This would equate to a profit of $25m + from the investment at 3.8c and likely to go much much higher.

    OR

    2. The current situation where summary judgement has been awarded against you requiring you to pay $33m US and in return receive no shares in the company.

    Doesn't seem like a difficult choice does it
 
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