XST 10.0% 0.9¢ xstate resources limited

Not at all, still not enough to drill one well let alone a...

  1. 1,814 Posts.
    lightbulb Created with Sketch. 321
    Not at all, still not enough to drill one well let alone a secondary well. Add additional payment for the anshof prospect area not to mention pipeline construction if successful.

    CR doesn't cover this so loan facility needed if successful on a restrained flow capacity....... this company will hold the whole project going forward.

    Simple math's ........a case of Bitting off more than they can chew as well as over paying. A larger company like MND can absorb this scenario but a reconstructed micro cap (XST) that over promises and under delivers can not at this stage.

    Just stating a common sense approach rather than this is a bargain approach when it's not at least 13 Million AUD is needed for XST to follow through.

    If there is a hiccup with the first drill which dose happen they are liable for $3 million.

    Enough said
 
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