100% agree. Crazy why anybody would be disposing of a cash backed stock! This is the type of market you should be loading up on stocks that have cash and can deliver value from cash.
When the tide turns here, it will be swift move up!
Market pricing XAM like Zijin deal doesn't exist and it's a shell with no assets (3Mt copper + 8Moz gold project with PFS on the way is definitely a great asset):
Deal EV = Market Cap ($37M) – Cash (Current $7M + Phase 2 $6M + 50% of Phase 3 $24M) = $0M
Back up the truck while the disconnect exists!
XAM Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
