Yes bizarre, I'm scratching my head. What am I missing?
They've just raised over $7M at 4c, 30%+ premium on current share price.
If they want to walk away completely they get to sell their 50% share of the JV to Zijn for $50M USD - 50%+ premium on current share price.
Either I am missing the fine print or the market is stupid.
Ann: Zijin & Xanadu Transaction Completed, page-3
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $94.38M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $320.3K | 5.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3231785 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 56050 | 2 |
View Market Depth
| Last trade - 15.16pm 29/07/2024 (20 minute delay) ? |
| XAM (ASX) Chart |