The oversubscribed, not underwritten, insto component is 6,228,261.
The oversubscribed, scaled back, retail SPP is 3,216,438.
These two placements total 9,444,699 shares at $0.46 that begin trading 1 August.
Therefore IF there is a dip below $0.46 XTE is a STRONG BUY.
I doubt there will be heavy selling by retail to crystallize a ~<8% profit. Oversubscribed insto has a whiffy hold sentiment, ie. initial position with a portion dedicated to trading (to get more at a lower price?).
In this Defense/Homeland Security sub-sector, with a Trump floor, note the T20 Holders. Insto is ABSENT. This tells me, especially with the ridiculously low (for the ASX) float, that the sp is a Bargain when viewed in the context of share structure.
OV
PS I'm not including XTclave -- a company-maker on its own.
XTE Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
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