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5.6¢ xanadu mines ltd

Ann: Significant increase in Exploration Target at Kharmagtai, page-10

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bunter999

336 Posts.

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19/11/19

12:22

Post #: 41505417
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Originally posted by arsenic: ↑

Hi Bunter,
The mistakes aren't in exploration it's in strategy. What we've got here is a company who has a really large porphry. They had to drill it out costing a lot of money. The more SP efficient way to do that is to JV (joint venture) with a senior partner who provides the capital for say an 80% stake. If we keep raising capital we dilute the value of each share till we get what we've got now.

I'm as guilty as anyone of not recognizing that. it's always been classified as speculative. In effect I (we) tried to hit a six and have been found about 3 yards out of my crease with the wicket keeper ball in hand smiling meaningfully at me. (Sorry if you dinna ken cricket).

All of that is in the share price. We are now trying to recover with a golds strategy. Which has some merit particularly if gold does what gold bulls expect.

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Thanks very much.....I adore cricket and come over to watch at SCG every Jan...! Bit like Nathan going for the run out and forgetting to collect the ball ........I bought the stock for the straight drive back over the bowler so that's where it sits in my portfolio ....at least we should get some cash flow building slowly....again thank you I appreciate very much

XAM Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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Last 5.6¢		Change 0.001(1.82%)		Mkt cap ! $96.09M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.5¢	$727	13.03K

Buyers (Bids)

No.	Vol.	Price($)
3	442363	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	100000	1

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No.	Vol.	Price($)
3	442363	0.054
7	458167	0.053
7	1511924	0.052
2	120000	0.051
2	111680	0.050

Price($)	Vol.	No.
0.056	100000	1
0.057	249229	1
0.058	300000	1
0.059	400000	1
0.060	661536	2

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