When everyone else is busy drilling and proving up JORC, Xanadu strategy seems to focus more on acquiring tenements. Personally, I think this is smart as Mongolia has stopped issuing license to foreigners from acquiring projects. The only way they can get in is to buy into another company's asset through JV or takeover.
Cash holding 23M, market cap 51M, which means Xanadu's 11 projects are valued at 28M. Must be the cheapest companies around?
I have no doubt that they can prove up JORC, is only a matter of time. Brian has other plans in mind, let's hope he can unfold this story beautifully.
When everyone else is busy drilling and proving up JORC, Xanadu...
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Last
7.9¢ |
Change
0.001(1.28%) |
Mkt cap ! $181.0M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.9¢ | $2.612M | 33.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 6994976 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 1197792 | 2 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| XAM (ASX) Chart |