An Extraordinary General Meeting (EGM) is scheduled for June 4, 2025, where shareholders will vote on the proposed 25% put option. The outcome of this meeting will significantly influence the company’s strategic direction and the development of the Kharmagtai project .
As SH’s in XAM we have a bit to think about -
Choosing between continuing the joint venture with Zijin or accepting Bastion’s offer will significantly influence Xanadu’s future operations and strategic direction.
Financial Implications: The immediate cash infusion from Bastion could provide financial stability, but the long-term benefits of the joint venture with Zijin should also be weighed.
Market Conditions: Prevailing market conditions and commodity prices may affect the perceived value and risks associated with each option.
XAM Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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