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.
In my opinion the fall to 4c was more of a mystery than the...
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Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $120.1M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.9¢ | $80.53K | 1.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 702980 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.001 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 6.9¢ | 6.9¢ | 80020 | ||
| Last updated 15.28pm 03/05/2024 ? | |||||
| XAM (ASX) Chart |