Other than that, current market conditions and sentiment is swinging further to the coal sector along with the emerging market hot spot - Mongolia. The registry was quite weak after listing at 60 as quite a few possible seed investors ran away with profits, falling to close 10% under the listing price. Given the large cross trade of late, in particular last week, this signals that the company is endeavouring to further shore up the registry as the demand is very apparent for XAM shares both off and on-market.
XAM has increased in value close to 40% in less than 2 weeks and now 25% above listing price 4 weeks ago. News flow should begin very soon regarding aquisitions and reserves. The company is reasonably hard to value atm. Current analogies are HUN & AKM and compare market cap valuations.
XAM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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