Personally I think the current deal is too much in Zijins favour, if the major shareholders allow it through in current form I will be surprised, but, they have included room to negotiate. I could be wrong on this of course.
The new project they are looking at will be interesting and am looking forward to seeing what they come up with, I had sold out completely for May but have taken a smaller holding to my original position, I was all in, but with the current climate, not being locked into a largely illiquid share became important for survival rather than anything against Xanadu.
The oxide material is a big one, if they can get this done that’s a lot of ore not going to waste (cost) and becoming revenue.
Gltah, same FT I always enjoy watching Colin, I think Zijin is a good fit for the project, I think they need more up front cash though as I can see Xanadu ending up either bought out of Kharmagtai or very minor holders, therefore we need to see a bit more $$$ before it comes to crunch time. Never negotiate from a position of weakness.
XAM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)