XST 0.00% 0.9¢ xstate resources limited

I like either of those options, but since the market is pricing...

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  1. 746 Posts.
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    I like either of those options, but since the market is pricing the shares at just under a third of what the court indicated was owed, I presume there is a likelihood that either of those options will be a considerably protracted process, or there's another less attractive outcome - anyone have further thoughts?

    How long could it take I wonder?

    Perhaps the likelihood of a very long process to extract the cash means there's likely to be an expedited negotiated settlement, at what discount I can't imagine - personally I'd be pushing for nothing less than 90% of the court ruled. Since it's already taken several months I'd find it difficult to accept anything less.

    Regardless seems to me XST is trading at a bloody good cheap price at the moment.
 
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