XST 0.00% 0.9¢ xstate resources limited

FOMO, page-8

  1. 1,359 Posts.
    lightbulb Created with Sketch. 313

    The problem with the acquisition program is that XST has no money .

    The last Placement at 3 cents to raise funds for the Alvares intervention was only small but still very dilutive because of the small MC of the company .

    The investors from that placement are now underwater .

    I am not sure at what price the Capital to make new acquisitions could be raised at .

    Might need to do a share consolidation first before the business could be re capitalised .

    I fear that any new acquisition would hugely dilute existing share holders and set in concrete their losses .


    Imho only a result from the legal action or a good result from a low cost Alvares intervention has the potential to save our investments .


    gltah

 
watchlist Created with Sketch. Add XST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.