XST 0.00% 0.9¢ xstate resources limited

Ann: ADX: Anshof Exploration Well Update Ops Report No 5 final, page-113

  1. 944 Posts.
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    deadasdisco, I agree on the base.

    The longer the base the bigger the spike.

    My call is a spike is due, I believe you will see that within 3m.

    The company is currently priced below where I believe it should sit but want to see some further achievements in the coming months.

    It’s surprising to see it sit at the current SP which it is where I bought it at last year but since then they have purchased cash flow positive oil assets, they had success at Borba with gas and now just need to monetise that.

    Plus we had a successful drill campaign at Anshof-3 with further testing to confirm the commercial viability.

    There is a lot more interest in XST lately and I’m sure a run is not far off but always DYOR I don’t have a crystal ball.
 
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