XTC xtc lithium limited

I do, but not this one, I'm thinking my 60 grand here is gone,...

  1. 1,955 Posts.
    lightbulb Created with Sketch. 390
    I do, but not this one, I'm thinking my 60 grand here is gone, it's very complicated and you won't understand but others might.

    XTC is next to LKE, XTC acquired some rights and new Argentian directors that own this land via a subsidiary (owned by santos).

    The 20 mill that XTC agreed to pay for these lands they never had the money for, so issued shares, Santos's company is probably the one that used the US broker to cash out, crashing the SP

    So I think Santos is only here to cash out his land to a willing buyer.

    They have promised drilling this quarter, but the last CR was a disaster, and have done nothing for 12 months

    On the flip side 2 directors spend 4.5 mill in that raise, so its anyone's guess. The audit was a mess, and we are in suspension.

    On top of that is a 200 to 1 consolidation making all previous options almost impossible to be in the money if Santos sells his converted notes post consolidation crashing the SP again,

    So, I am no longer optimistic,

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.