XAM 1.79% 5.7¢ xanadu mines ltd

Been a while since I've checked this out but agree, this does...

  1. 2,237 Posts.
    lightbulb Created with Sketch. 541
    Been a while since I've checked this out but agree, this does not seem good. We're in a copper bull market that's not going away, surely they would have no issue securing pre-payment from offtakers to cover the bulk of capex required and then could get traditional debt/equity for the rest.

    Why would they sell the golden goose? If I am misunderstanding this please correct me.
 
watchlist Created with Sketch. Add XAM (ASX) to my watchlist
(20min delay)
Last
5.7¢
Change
0.001(1.79%)
Mkt cap ! $97.81M
Open High Low Value Volume
5.5¢ 5.7¢ 5.4¢ $32.96K 593.7K

Buyers (Bids)

No. Vol. Price($)
1 164654 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 482365 2
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
XAM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.