Quote Originally Posted by steve fleming View Post
Good little company - although sales may be lumpy year to year. Costs seem to be under control now.
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.