Arvo thread kicked off will repost my last post as missed the 1pm closing bell exchange
XST vs CTR is a good example of how momentum right now is playing a far greater importance than fundamentals
XST no cash should get $750k from Tunisia merging with a $10m dollar company so will have a market cap of $12m and will need to raise $25m to complete the workover program so over twice its merged market cap value or about 10x its current market cap
CTR capped at $8m report out showing value of $70m and now estimated flow rates increasing the chance of this and while not flush with cash these wells arent expensive and so a few million goes along way
Result XST is the one to run because of momentum and traders
It is what it is
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