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...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $94.38M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.4¢ | $52.74K | 958.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100313 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 282367 | 1 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| XAM (ASX) Chart |