XST 9.09% 1.0¢ xstate resources limited

Ann: SGC: 92 Feet of Gas Pay in Borba 1-7 Well, page-146

  1. 3,947 Posts.
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    I tend to disagree
    I think XST is now owned by more discerning holders more interested in the complete out come of the well rather than traders in for a couple of pips on announcement, this imo was confirmed by the way the SP held up strongly on good volume. Big soak happening
    the news was good, but it was more just confirming the previous announcement, and wasn't the announcement for the next target as expected
    sounds like you sold as a trader, rather than a short term investor
    what happens with traders doesn't change the fundamentals and what's in the ground
    I'm looking forward to the next news
 
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