XST 0.00% 0.9¢ xstate resources limited

Ann: Acquisition of Further 10% Working Interest in Red Earth, page-41

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  1. 1,692 Posts.
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    How many shares were issued in the last cap raising at .8c that are now being traded. Didn't we just dilute the share price a few weeks ago when these hit the market. These are now being sold at 90% - 100% profit at this current price. We are now trading at our diluted share price and will have to churn through the millions of shares that were issued and are being sold every time we hit 1.5/1.6c. It's no reflection on what the company is doing, it's trading fundamentals. every time we get some good news our volume increases on the buy side, and gets sold into by the recent cap raise sellers. This has to churn a bit longer before those shares start drying up or we hit the mother load. IMO.
 
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