i dont see it that @longreach sold as a trader but rather his belief in the drill when analysed with fact sgc has 66% versus xst 33% showed that SGC was the better entity to carry exposure with goven the likely success.
as you say what happens with traders doesnt change fundamentals of whst is in the ground. what equally stands in that statement is what is fundamentally in the ground will allocated 66% to sgc and 33% to xst and eith that the relative value of the asset in market cap terms should sinplistically be 2 x for sgc. at present that basic multiplier is not reflected in the market caps.
both xst and sgc have huge potential. but in agreeance with longreach sgc gives significnt more upside based on current market caps and ownership percentages of acerage.
if you believe in xst (with 33% of borba) . . then by extension you should double believe in sgc (with 66% of borba)
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $3.215M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $2.178K | 217.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 262238 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 183339 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 262238 | 0.010 |
2 | 593705 | 0.009 |
8 | 1785346 | 0.008 |
3 | 942999 | 0.007 |
2 | 750000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 183339 | 2 |
0.012 | 726368 | 2 |
0.013 | 250000 | 1 |
0.014 | 272815 | 1 |
0.015 | 366900 | 2 |
Last trade - 12.15pm 24/07/2024 (20 minute delay) ? |
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