XAM
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5.45% 5.8¢ xanadu mines ltd

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

  1. Giovanni33
    2,387 Posts.
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    27/04/24
    21:25
    Post #: 73540030
    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.
    XAM Price at posting: 7.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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5.7¢ 5.8¢ 5.6¢ $53.98K 949.9K

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5.8¢ 399590 2
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Last trade - 15.59pm 09/08/2024 (20 minute delay) ?
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