I am still not convinced this transaction values Kharmagtai at...

First 26 Last

Share
Profile

Follow
Ricmond88

775 Posts.

206

20/04/22

06:41

Post #: 60925340
Share

Originally posted by Greenocean: ↑

It would currently value Kharmagtai at around $100m in current form, ie a resource with great potential but not a Jorc resource with a solid PFS behind it - and not including XAM exisiting cash and Red Mountain in the equation.

Basically leaves existing Xanadu holders with 30.5 percent of Kharmagtai and 80.1 percent of Red Mountain after dillution - and 80 percent of the existing Cash.

The plus side is a lot of cash to throw at both that we would not have had, especially Red Mountain, to develop them further.

I think Zijin have gotten a bargain, but they are also in early and still exposed to risk, so I guess there is a trade off.

Expand

I am still not convinced this transaction values Kharmagtai at $100m, and (judging by the reaction) the market isn't there yet either.

I think XAM need to clarify that Xanadu Corporate not the Khuiten JV will receive the US$35 million for the dilution at the project level.

Otherwise we may need to wait for the cash to hit for the market to re-rate.

All IMO, please DYOR and GLTAH.

Last edited by Ricmond88: 20/04/22

XAM Price at posting: 3.7¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

First 26 Last

Add to My Watchlist

What is My Watchlist?

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)
Last 7.9¢		Change 0.000(0.00%)		Mkt cap ! $181.0M

Open	High	Low	Value	Volume
7.9¢	8.0¢	7.9¢	$1.745M	22.08M

Buyers (Bids)

No.	Vol.	Price($)
2	4147335	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	16332615	34

View Market Depth

No.	Vol.	Price($)
1	2500000	0.079
10	6934963	0.078
6	2230385	0.077
1	500000	0.075
1	1	0.074

Price($)	Vol.	No.
0.080	12332615	32
0.081	367728	6
0.082	563451	6
0.085	1070240	4
0.088	100000	2

Last trade - 16.10pm 17/06/2025 (20 minute delay)

XAM (ASX) Chart

I am still not convinced this transaction values Kharmagtai at...

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Many are concerned about global falling birthrates. This diverse stock has solutions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I am still not convinced this transaction values Kharmagtai at...

Top Stories

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Many are concerned about global falling birthrates. This diverse stock has solutions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News