Ann: Trading Halt, page-10

It doesn't look like XST is farming out a % of its working interest to fund its portion of the Borba drill.  By the looks of it is doing a Cap raise to fund its portion of Borba. Also by the looks of it SGC is also doing a cap raise to fund Borba.

The question is whether XST is cap raising for 24% of Borba or for a greater % (up to 49%) and whether SGC is cap raising for 76% of Borba or for a lesser % (down to 51%).

SGC have said that they are looking at farming out a % of their share in Borba, based on this surely they wouldn't keep their 76%, and if they are farming out surely XST would have to be the logical choice, with common Directors, and with the strong rise in XST shareprice meaning a cap raising is less dilutive ?

https://hotcopper.com.au/threads/an...5876062/page-26?post_id=50549773#.YBc6ck8_WDZ