XST 0.00% 0.9¢ xstate resources limited

Ann: SGC: Dempsey to Produce Commercial Gas, page-17

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  1. 7,782 Posts.
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    i never saw the post you made so cant comment on that.

    i think xstate have updated on the legal processes and they have the option of bankrupting 2 of them, which i am sure will eventuate if they continue to refuse to pay

    i am not banking on the singapore matter as the single item that gains the holders value into the future, i think the board has indicated it is very interested in moving forward onto oil acquisitions, and imho that will happen.

    the share hold no interest in the general market now, as there is no outward sign of anything happening, with REL pushing back their plans into the coming months, and they have a further option of paying a margin fee to delay their commitment to dempsey. REL also have the ability to join in with XST on ventures if they so choose.

    i think the recent announcements have been pretty clear, xstate is looking to move forward as an oil company and commence acquisitions, and simultaneously keep on its objectives with the legal damages claim.

    whether REL and XST announce some joint venture or whether xstate move in another direction entirely is still to be defined, or is being defined right now perhaps.. but imho things cant just remain as they are, xstate has to move forward
 
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