The way I read the announcement it is $35m paid in cash to Xanadu for the creation of the 50/50 JV in Khuiten Metals - ie They are buying half the Company from Xanadu and paying for it accordingly.
This may need clarifying with the Company, otherwise, yes you are correct it would be looking like a very average deal for shareholders.
Ann: Strategic Partnership with Zijin Mining and Placement, page-36
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Last
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $183.2M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.9¢ | $2.315M | 29.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2760323 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 13507261 | 33 |
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| Last trade - 11.34am 18/06/2025 (20 minute delay) ? |
| XAM (ASX) Chart |