XST 0.00% 0.9¢ xstate resources limited

award of $US33M mc $AUD11M, page-24

  1. 3,988 Posts.
    lightbulb Created with Sketch. 47
    thats made my xmas! good stuff XST and good on Cosimo for sticking to his guns. It looks like the last sentance of the release is they are leaving the door open to a settlement, which if you were any of these 3 you would grab with open arms. My personal opinion is these guys don't fully realise how quickly this can be applied in Singers, once they do they will be begging Cosimo to settle for some equity, the power is now in his hands where it was in theirs.

    Two other kickers

    1. Any party considering a TKO would now be USD $33mill higher
    2. Any CR we need to do between now and collection of the damages will be at a higher price and less dilutionary
 
watchlist Created with Sketch. Add XST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.