I'm still chewing my way through the Independent Experts Report, but for those who don't want to tackle 200+ pages of ass-covering, bet-hedging & discount/pricing assumptions. (TBF, there is some great info in these things, but you do have to dig for it!) BDO come up with a valuation for XAM's share post "put option" for Kharmagtai of US$79.1 to 105.9 M. That's roughly Aussie 6.6c to 8.8c per share. Not too bad for the "Plan B".
Obviously, Colin & co. can't reveal anything about ongoing negotiations, but there's clearly multiple "irons in the fire", enough to generate competitive tension with Zijin.
Meanwhile the market is still in "wait and see" mode, stuff all volume so far... and a chunk of that was me topping up!
XAM Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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