XST 0.00% 0.9¢ xstate resources limited

Mate, if it was already pumping gas the bloody share price...

  1. 23,090 Posts.
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    Mate, if it was already pumping gas the bloody share price wouldn't be 2c would it? Not one person has indicated it is a lay down misere. Point these posts out! If you have a problem with what the company and MD's are saying then take it up with them perhaps. Any drilling is high risk. Your analogy with a punt at the race track could not be further from the truth though. Once again, people should read the announcement and listen to the interviews. If it was simply a stab in then dark then the stock wouldn't have 10 bagged already. It isn't a done deal with piping multiple tcf of gas either because if it was the share price would have a $ sign in front of it already. So it is simply a matter of risk vs reward not a day at the races. You sit on the side and trade your way. No problem with that but don't begrudge those that have bought in now or earlier and know how to value risk. You might buy in when flows are proven but that is when I will be selling.
 
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