XAM
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3.39% 5.7¢ xanadu mines ltd

Ann: Trading Halt, page-9

  1. frmen1
    1,990 Posts.
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    16/11/23
    10:20
    Post #: 70932793
    Certainly a bit of a mystery, I guess we'll find out tomorrow or Monday.
    According to the last quarterly, we had $4.7M available and based on the expected work program, enough to cover for 20 quarters of funding.
    Yet here we are doing an out of the blue share placement.
    Not necessarily bad news, possibly the expected work program is about to take a new direction.
    XAM Price at posting: 6.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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