Well per the announcement today costs were not under control!! - "the operational expenditure is too high given the revenue that XTEK can expect in a cyclical downturn year".
Large cap raising coming (30m new shares vs 93m shares on issue) to fund a small acquisition.
Strategy seems to me to be all over the place and XTE look a bit desperate in trying to secure some revenue diversification.
However Directors seem keen with some big buying recently.
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