From memory JOGMEC and XAM are still collaborating on R&D, so seems there is still a relationship there.
I had speculated there might be something behind the scenes with JOGMEC. That being JOGMEC give Red Mountain back to XAM, then they partner on Kharmagtai. On reflection, however, it seems unlikely that JOGMEC would blink first, i.e. give up Red Mountain with the intent to partner on Kharmagtai, before the latter was concrete. So probably something to do with change in leadership and Red Mountain no longer representing the type of deposit JOGMEC is targeting.
Thanks for the input.
XAM Price at posting:
2.9¢ Sentiment: None Disclosure: Held
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