XAM
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1.82% 5.6¢ xanadu mines ltd

Extended till Dec 2017 at near credit card rates if that's what...

  1. salpetie
    3,020 Posts.
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    27/06/17
    15:34
    Post #: 25518225
    Extended till Dec 2017 at near credit card rates if that's what LIBOR +12.75% means.

    According to the last quarterly:
    Cash $6.2M
    Q2 expenses $2.3M

    Leaves $3.9M

    At end of Q1 2017 the loan was $A3.6M

    So to my simplistic mind there isn't going to be much left in the kitty at the end of the calendar year.

    Wouldn't be very much if they kept exploring at similar rates but add on this ?expensive loan to a major shareholder and a CR or some variant is on the horizon IMO.

    Any other thoughts?
    XAM Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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