XAM 7.58% 6.1¢ xanadu mines ltd

re: Ann: Drilling begins at Solenker Epitherm......

  1. 220 Posts.
    lightbulb Created with Sketch. 14
    re: Ann: Drilling begins at Solenker Epitherm... Liveforsunnydays,

    I am willing to bet on a thermal property sale sometime in the next 12 months. The logic is compelling; will shortly have two JORC documented coal bodies, both are suitable for trucking to China but because of low to medium quality should be a cheap buy with good margins for an entrepreneur. Xanadu will welcome the cash, can use up tax losses accumulated so far from exploration expenditure, maybe a bit left over for a capital return to shareholders although that is always a mixed blessing for holders.

 
watchlist Created with Sketch. Add XAM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.