Hot Chilli serves as an example by bringing in Glencore as a significant shareholder back in August. I guess XAM would give geographical diversification and proximity to the Asian markets for Glencore. However, if RIO can psychologically get past the difficulties with the Mongolian Govt over Oyu Tolgoi now that they have settled their differences, then Kharmagtai and even Red Mountain could be of interest. I think that XAM have to do more yet in proving up the resources in order to get serious interest. It seems to be that which is restraining the XAM SP.
XAM Price at posting:
3.3¢ Sentiment: None Disclosure: Held
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