Looks like there's a couple of assay results due on a few different projects coming up. No timelines provided, but all seem expected by the September report, so within the next four weeks I imagine.
The JV agreement with Japan company looks good too - XAM retains 49% of the project, and will be able to operate if viable. Doing some background on the Japan company, hopefully they will have an aggressive drill campaign meaning a good flow of news.
All in all a good report as it shows numerous projects and pending results - some weak hands must have exited as there was over a 12% swing during the day, showing those that didn't read the report sold into the drop, and didn't get the bounce back when more experienced investors who had read the report saw the coming opportunities.
A credit raise likely in Q4 at some point, but don't be surprised either for a JV to come along...
XAM Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
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