XST 0.00% 1.6¢ xstate resources limited

The "existing" PSA is dead and buried. The Company would have no...

  1. reu
    1,743 Posts.
    The "existing" PSA is dead and buried. The Company would have no need to use that qualifying word "existing" if it had no Plan B to revive the deal with a new PSA.

    Agree, lack of action speaks volumes and supports the argument that the funds have been embargoed in Indonesia and may still come through. Or possibly the 3 Singaporean investors are preparing to route funds directly from Singapore so that they are not named as defendants in a clear-cut case of breach of contract. Remember: if they are named, then our T20s will know who they are. Some of our T20s are based in Singapore. What will the commercial implications be? Oops.

    Personal opinion, pure speculation, DYOR, seek professional advice etc
    Last edited by reu: 27/04/17
 
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