XST 16.7% 1.0¢ xstate resources limited

Ann: ADX: Anshof Exploration Well Update Ops Report No 5 final, page-49

  1. 2,145 Posts.
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    "Would see a big climb in the SP overnight, basement bottom atm"

    I think you're overdoing it there @LizzyBee

    Look, it might very well end up being non-commercial and even if it is, it's not going to shake the world.
    They will most likely be moving 1km down the road to investigate what they think might be a much more lucrative play which will obviously drain more cash.
    At the end of the day we cannot lose sight of the fact that this is 'only' a 20% deal for XST.

    So, do you think that if any of Anshoff doesn't come up trumps for good cashflow to XST that they'll want to carry on to the next farmin for a max $6.6 million contribution ??
    I don't based on their mantra of sensible cash management.
 
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