XAM is burning cash at about 2 million per qtr assuming no more lease purchases. Probably use a bit less in winter, so say 6 million a year. Leaves a little less than 2 years in kitty to find something. 75% of the cash is being spent on exploration, now comes down to quality of ground held and the geology team and luck. The very low volume turnover of stock is not representative enough to be a vote of no confidence in the team, but more news, good or bad, would boost investors' confidence. At least there should be some news about escrow shares shortly, so that we are reminded the chairman has a huge personal commitment to this company.
0.095 seller !!!!, page-5
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $94.38M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.4¢ | $52.74K | 958.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100313 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 282367 | 1 |
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| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| XAM (ASX) Chart |