The problem for XST is that even if an oil bear market persists...

The problem for XST is that even if an oil bear market persists and good value acquisitions appear they have no money to buy anything .

To raise any meaningful amount of money present holders will be massively diluted .

There will need to be a fair enticement to get present or new investors to put more money into the business .

PCL selling their interest to REL does not bode well for things going quickly at Alvares .

REL is in much the same condition as XST , even more so .At least we are still able to trade .

They need to get some money from the legal action or things do not look good .

gltah