XAM 3.51% 5.5¢ xanadu mines ltd

In my opinion the fall to 4c was more of a mystery than the...

  1. 1,220 Posts.
    lightbulb Created with Sketch. 278
    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.
 
watchlist Created with Sketch. Add XAM (ASX) to my watchlist
(20min delay)
Last
5.5¢
Change
-0.002(3.51%)
Mkt cap ! $94.38M
Open High Low Value Volume
5.5¢ 5.6¢ 5.4¢ $52.74K 958.5K

Buyers (Bids)

No. Vol. Price($)
1 100313 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 282367 1
View Market Depth
Last trade - 15.59pm 28/06/2024 (20 minute delay) ?
XAM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.