This is my reading of the announcement...
Phase 1 - Zijin buying 139M shares @ $0.04...will be approx 1.4B SOI after placement. And XAM will have approx $8.5M in cash (already have approx $3M). XAM valued at $0.04
Phase 2 - Zijin buying another approx 140M shares @ $0.04... 1.56B SOI. And XAM will have approx $14M in cash. Zijin will have 19.99% ownsership of XAM. XAM still valued at $0.04
Phase 3 - Zijin make cash payment of $35M US (about $47M AUD) to Khuiten for 50% ownership of Khuiten and establishment of the JV. Khuiten is 100% owned by XAM and has a 76.5% interest in the Kharmagtai copper-gold project. This values Khuiten and in effect XAM at about $100M AUD with no dilution to XAM. This equates to a XAM share price of about $0.064 based on Khuiten alone with no consideration to any other cash or projects held by XAM at the time. And Khuiten will have $35M in cash to progress the project.
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- Ann: Strategic Partnership with Zijin Mining and Placement
Ann: Strategic Partnership with Zijin Mining and Placement, page-41
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Last
6.2¢ |
Change
-0.004(6.06%) |
Mkt cap ! $109.8M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.2¢ | $59.16K | 939.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 221311 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 221311 | 0.061 |
3 | 2170000 | 0.060 |
1 | 150000 | 0.059 |
1 | 500000 | 0.058 |
1 | 100000 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 200000 | 1 |
0.064 | 62673 | 2 |
0.065 | 2039003 | 2 |
0.066 | 156250 | 1 |
0.067 | 300000 | 1 |
Last trade - 15.48pm 27/09/2024 (20 minute delay) ? |
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