l think with these small cap plays it's important to recognize the importance of a known and proven resource.
I just lost out(at least for the moment) with XST, l missed the sell off so still holding all 2.5M shares.
The hype was strong before drilling with anticipation ramped up and seismic data seemingly
in support.
Who was to know the deeper zones were to be a failure. Fortunately some upper levels were larger than expected so we hold hope it's still commercial
in size and flow rates.
I reckon it's a valuable lesson to learn not to invest in hype alone with our hard earned, and only after we know that there are resources worth investment.
At least having a small revenue stream will help avoid the dreaded CR's that plague non producing small caps.
Hope they find oil and soon.
Gltah.
l think with these small cap plays it's important to...
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