Refer to P31 of presentation....it clearly shows the ownership...

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redipod

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14/09/21

19:15

Post #: 56061680
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Originally posted by mrbornite61: ↑

Plenty cash, don’t need capital. Polished presentation, but this is not the problem.
XAM lacks business savvy and nimbleness.
Also slide 9 just shows lack of clarity on key valuation metrics. At Kharmagtai project XAM got to initial 85 % ages ago. This is 85 % of the 90 % of what they own. Ie 76.5 % economic interest. At this point XAM 76.5, local partner 13.5, Quok 10 %. They can then can dilute local partner to 5.6 % if local partner does not put in their 15 % of the 90 % ( 13.5 ) which would lift economic interest from 76.5 % to 85 % but has this detail been published of how they get from 76.5 % to 85 %. Are they free carrying the local partner here and how does this deal work. It’s related party. There are 2 partners too. 10 % free carry to Quok Group? and then the local director they can dilute down at the Mongol Metals JV level. Also at Red Mountain do the Japanese get 51 % of 90 % or is it 51 % economic interest.
Last with Noble exiting, do they still have their life of mine marketing deal on Kharmagtai for 30 % of product ?
It’s clarity on this stuff !

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Refer to P31 of presentation....it clearly shows the ownership structure. Slide also mentions that they are Cleaning Up Ownership Structure....

Get your facts straight before shooting your mouth off.

XAM Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.8¢		Change -0.001(1.27%)		Mkt cap ! $178.7M

Open	High	Low	Value	Volume
7.9¢	8.0¢	7.8¢	$1.583M	20.04M

Buyers (Bids)

No.	Vol.	Price($)
10	6894976	7.8¢

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Price($)	Vol.	No.
8.0¢	13160811	37

View Market Depth

No.	Vol.	Price($)
10	6894976	0.078
6	2230385	0.077
1	500000	0.075
1	500000	0.070
1	7350	0.069

Price($)	Vol.	No.
0.080	13160811	37
0.081	2175521	9
0.082	563451	6
0.083	500000	1
0.084	500000	1

Last trade - 16.10pm 19/06/2025 (20 minute delay)

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