XST 0.00% 0.9¢ xstate resources limited

Well, I don't actually care what anyone chooses, so long as they...

  1. 2,421 Posts.
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    Well, I don't actually care what anyone chooses, so long as they are not misled, as my learned Italian friend is blatantly doing. Unfortunately, not everyone is sceptical about what they read and many don't have time to do research [Although everyone should].
    So to counter the false information pedaled by the person challenged by decimal points:
    https://hotcopper.com.au/data/attachments/5543/5543756-deaa8901c71db5f3920e27ae4cbd1897.jpg

    Someone who bought XST at $0.001 [one tenth of one cent] just prior to the recent consolidation would, after the Consolidation own one tenth as many shares, but each share would then be valued at $0.01 [one cent]. The dollar value of that person's XST holding would be exactly the same after as before.

    Since the Consolidation, in late March, the value of each ['new' ] XST share has risen from 0.010 [one cent] to $0.013 [one point three cents, 1.3 cents] or an increase of 30%. Yes, not as much as ADX, but a lot more of a Capital Gain than, say, CommBank or BHP in the same time frame.
    I don't see it as some sort of race or competition between XST and ADX. Each has its good points and both will rise or fall depending whether the next couple of wells exceed or fall short of market expectations.

    https://hotcopper.com.au/data/attachments/5543/5543805-6af4085d39c3c60a235654c5e6c94a7c.jpg
 
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