XAM
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1.67% 5.9¢ xanadu mines ltd

I haven't seen the term sheet, but the way these things usually...

  1. FlightTime
    1,220 Posts.
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    22/11/23
    14:03
    Post #: 71044366
    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?
    XAM Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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5.9¢ 		Change
-0.001(1.67%) 		Mkt cap ! $101.2M
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5.9¢ 5.9¢ 5.7¢ $82.09K 1.393M

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3 330032 5.7¢
 

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5.9¢ 63664 1
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