Been a while since I've checked this out but agree, this does not seem good. We're in a copper bull market that's not going away, surely they would have no issue securing pre-payment from offtakers to cover the bulk of capex required and then could get traditional debt/equity for the rest.
Why would they sell the golden goose? If I am misunderstanding this please correct me.
Ann: Bacchus engaged as Strategic & Project Funding Adviser, page-7
Add XAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.7¢ |
Change
0.008(11.6%) |
Mkt cap ! $132.1M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.7¢ | 7.0¢ | $402.7K | 5.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68249 | 7.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 613957 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
|
|||||
|
Last
7.7¢ |
Change
0.008 ( 10.0 %) |
||||
| Open | High | Low | Volume | ||
| 7.0¢ | 7.7¢ | 7.0¢ | 1208431 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| XAM (ASX) Chart |