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they are both garbage

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stormer

17,899 Posts.

1657

08/04/20

15:48

Post #: 43953676
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Originally posted by marksman: ↑

Now here are some fun facts.
According to the half yearly accounts dated 10/3 XCD has $2,743,128 cash. According to the 88E accounts dated 26/02 they have $15,903,117. Sounds good for 88E except they have a market cap of approx. $56,000,000 at 0.8c while XCD has a market cap of $3,500,000 at 0.5c.
Now lets see...…..I want to punt oil exploration in Alaska. I buy XCD which is worth roughly 800 grand (minus cash) or I buy 88E which is worth $40,000,000 (minus cash)
These two are both in the same boat. Both need cash/partner to drill and both have to wait till next year. Far be it for me to tell you who to punt but it strikes me that based on the above figures you are paying an awful lot for "hot air" or hope for 88E.

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they are both garbage

XCD Price at posting: 0.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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