Yeah a strange time for someone to unload on Ex date especially when the order book starts from a blank canvas. The underwriting deal is not without risks (subject to the majors taking up their rights) and wondering if a better deal could have been done. Anyway, we'll soon find out if jumping in was smart or stupid.
The project might be a bit beyond the guys running it and they could really do something about reigning in the cash burn. You wonder what Rio could do with this project which is why I'm keen.
XAM Price at posting:
4.8¢ Sentiment: None Disclosure: Held
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