In my opinion the fall to 4c was more of a mystery than the recent rise. I suspect a lot of the price action since the 9th Feb uptick in volume has been a larger player working the price to accumulate as cheaply as possible.
As mentioned before, XAM seems to be a leaky ship on the news front, so that may be contrbuting, but with copper and gold both heading up and a lot of bullish talk around the supply and demand side of copper going forward...
Macro (tick), funding (tick), near term catalysts (tick), board with a good track record (tick), major backer/JV (tick).
XAM is barely getting started, even if the deep drilling fails to deliver, a solid PFS is only months away, and looks likely to drop during a copper bull frenzy. Short of a black swan event this is looking very, very good.
- Forums
- ASX - By Stock
- XAM
- Ann: Kharmagtai Water Supply Drilling Program Recommences
Ann: Kharmagtai Water Supply Drilling Program Recommences, page-8
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.7¢ |
Change
0.001(1.79%) |
Mkt cap ! $97.81M |
Open | High | Low | Value | Volume |
5.7¢ | 5.8¢ | 5.6¢ | $26.76K | 468.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 449855 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 42171 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 109855 | 0.056 |
8 | 4464124 | 0.055 |
4 | 542363 | 0.054 |
2 | 211000 | 0.053 |
2 | 691924 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 1050038 | 1 |
0.059 | 300000 | 1 |
0.060 | 45106 | 1 |
0.061 | 100000 | 1 |
0.062 | 100000 | 1 |
Last trade - 15.34pm 26/07/2024 (20 minute delay) ? |
Featured News
XAM (ASX) Chart |