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1.0¢ xstate resources limited

That doesn't make any sense. 1000 shares is $15 5000 shares is...

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10/03/21

20:34

Post #: 51671107
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Originally posted by debono ↑

To help punters understand the correlation between XST and SGC a bit more. This is from last years annual report. This years due end of month.
XST has over 50% more shareholders with less than half holding 5000 shares or less.
It simply that XST is a brilliant trading stock compared to SGC and will remain so until we go commercial. It will be a retail darling until then and only then imo we will see insto's enter and their stock of choice will be SGC. Then XST will become the follower. However from what base we have no idea. Well I certainly don't. So remembering that the market can remain illogical longer than I can remain solvent, I thought it prudent to have a piece of all 3 (XST, SGC and SGCOA). I don't need to try and out smart the market this way. I am delighted no matter how it plays out as long as we get to be commercial. View attachment 2995502

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That doesn't make any sense.
1000 shares is $15
5000 shares is $75

Even with the most generous calculation, the 813 shareholders with less than 5000 shares collectively have $18k in shares.

$1.5m was traded today - those punters simply do not have enough shares to move the price.

XST Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $3.215M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$132	13.22K

Buyers (Bids)

No.	Vol.	Price($)
5	287837	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	780813	3

View Market Depth

No.	Vol.	Price($)
5	287837	0.010
1	330000	0.009
6	2194247	0.008
4	2028710	0.007
1	250000	0.006

Price($)	Vol.	No.
0.012	780813	3
0.013	285000	2
0.014	352815	2
0.015	460900	2
0.018	564020	4

Last trade - 10.12am 11/07/2024 (20 minute delay)

XST (ASX) Chart