XST 9.09% 1.0¢ xstate resources limited

Ann: SGC: 92 Feet of Gas Pay in Borba 1-7 Well, page-151

  1. 125 Posts.
    lightbulb Created with Sketch. 30
    Hi LR,
    always enjoy reading your posts.
    I also rebalanced into SGC, however I only decreased my exposure to XST and increased into SGC. Reason being, I believe the lower share price (regardless of the seeming inequity between the MCs of both) allows greater liquidity for XST.
    I also believe both XST and SGC are undervalued.
    Also, at this end of town, especially under a couple of cents there is a bit of psychology in owning "mega" numbers of shares.
    If we get flow, then we should be good to rise.
    GLTAH
 
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