XNRG has a fantastic share structure and is sitting on permits which cost good money and take 4 to 6 weeks to get. If they haven't started drilling yet then I'm sure they will soon.
In my mind this is an easy 10-bagger at this PPS and quite possibly more over the next couple quarters.
Xun has a strong set of shareholders who are unlikely to hit the panic button. The majority of trading has been buys and the ASK is very thin because the float is locked up.
The chart below shows the MA50 is rising steadily and with a little news could easily cross the MA200 in the short term creating a Golden Cross and setting stock scanners off which will bring in a lot of interest.
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