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0.9¢ xstate resources limited

At the heart of it, it is pretty simple really. Just speaking...

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Idle Wanderer

2,536 Posts.

571

27/08/23

07:51

Post #: 69568384
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Originally posted by car27: ↑

Idle W re "$500,000 invested in XST you would own approximately 12% of the company.
With $500,000 invested in ADX you would own approximately 1.5%"

Interesting comparison,
IF I/we accept your calculations as correct (and I have not checked them)

THEN you could say with XTS you get 12% of 20% of ANSHOF
with ADX you get 1.5% of 50% of ANSHOF plus potentially 1.5% of $19.2 million
or with ADX you get 3.75% of 20% of ANSHOF plus potentially $288000

then there are the other assets of XST and ADX to add into the equation!!!!

There are plenty of ways to play with the numbers !!!!
As they say DYOR I certainly am, but wont NECESSARILY be posting it all on HC...

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At the heart of it, it is pretty simple really. Just speaking purely about the upcoming Anshof drilling, the wells where both are involved:
XST has a 20% economic interest.
ADX has a 50% economic interest.
Let us say that a discovery results in $10 million pa income after all costs.
XST which today has a Market Cap of $4 million receives $2 million per year.
ADX which today has a Market Cap of $34 million receives $5 million per year.
Which company's share price is likely to go up more from this [hypothetical] happy event?

XST Price at posting: 1.3¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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