I haven't seen the term sheet, but the way these things usually work they set an upper limit. So XAM may have been looking to raise "up to $10m", but that doesn't mean they needed, or expected, $10m. If Bell Potter did their job as advisors you'd expect them to have a pretty good idea of how much participation they would get at the 5.5c price.
What's the actual wording in the term sheet?
I haven't seen the term sheet, but the way these things usually...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $181.0M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.8¢ | $66.75K | 845.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 608018 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 5393383 | 24 |
View Market Depth
| Last trade - 15.51pm 16/06/2025 (20 minute delay) ? |
| XAM (ASX) Chart |