XAM - Xanadu Mines

[Assasin]

Havn't seen a thread on Xanadu (XAM)
For all those Coal, Copper and Gold enthusiasts.
Prospectus looks great, but don't they all. Logistics, fundamentals and capital look secured and floating 21st December.
Placements were sold out very early.
www.xanudumines.com
Anyone else on board?

 

[prawn_86]

Anyone got any opinions on this? A colleague asked me to look into them. Seem like a standard overseas explorer to me at this stage

 

[mr. jeff]

Anyone got any opinions on this? A colleague asked me to look into them. Seem like a standard overseas explorer to me at this stage

they have been thrown in with AKM and HUN as mongol coals, XAM looking for copper as well. XAM are just starting and seem to be drilling prospective areas, trying to truck rather than anything massive by rail, but seem to be making fairly average intersections so far. They are drilling from 30th March for 2 months and also doing some aeromagnetics I think. Some further short term assays may be released next week. Just had a brief look this afternoon....
They offer leverage against the Mongolia excitement....with the ongoing drilling they may make a decent run up in anticipation of news over the next month, but I have no further info at this time...

I think AKM and HUN are better (lower risk, but lower potential perhaps?) prospects at this stage, and don't forget that GUF just jumped on the Mongol bandwagon....they offer some protection through sovereign diversity.

 

[springhill]

MC - $33m
SP - 22c
Shares - 147m
Options -26m
Cash - $15.5m

Directors 20%
Straits Resources 12.4%
Noble Energy 9.0%
Eagle Securities 7.2%

Nuurstei Coking Coal Project
•Khuvsgul Province in Northern Mongolia - 540km NW of Ulaanbaatar
•Proximal to proposed new railway by Aspire to Erdenet and linking to Trans Mongolian railway Nuurstei Coking Coal
Project is a highly prospective coking coal project
•Middle to Upper Triassic coal bearing sedimentary package
•Numerous moderately dipping thick coal seams
•3,000m reconnaissance drill program completed
•Initial Laboratory results confirm high quality coking coal

Khavtsgait Coal Project
•Khuvsgul Province in Northern Mongolia - 540km NW of Ulaanbaatar
•Proximal to proposed rail (230km west from the nearest railroad spur at Erdenet)
Khavtsgait Coal Project is a highly prospective coking coal project
•Mesozoic coal bearing sedimentary package
•Numerous moderately dipping thick coal seams
•Continued exploration in 2012, complements the Nurstei project

Javkhlant Coal Project
•Gobi-Altai Province in Southern Mongolia - 350km southwest from Altai
•Well located approximately 22 kilometres from the Burgastai border crossing point into China
Javkhlant Coal Project is a highly prospective coal project
•The large (1,005km ²) exploration license lies along the south Gobi Basin which is known to host premium coking coal deposits of Permian and Carboniferous age
2012 Exploration Program
•Regional mapping

Khus Coal Project
•Close to both rail and border with China
•Dornogobi Province in Southern Mongolia – 120 kilometres southwest from Sainshand
•Located approximately 140 kilometres from the Khangi-Mandula border port into China
Khus Coal Project is a highly prospective coking coal project
•The large (161km ²) exploration license lies within the eastern end of the South Gobi Basin which is known to host premium coking coal deposits of Permian age
2012 Exploration Program
•Reconnaissance drilling commenced July 2012

Sharchuluut Uul Porphyry Cu-Au Project
•Bulgan Province of Northern Mongolia, approximately 230km NW of Ulaanbaatar
•Approximately 40 km NW of the world-class Erdenet Cu-Mo deposit
•Well developed infrastructure including rail access to China and Russia
Exploration area comprises 1 exploration licence
• Totalling 488km ² and remains relatively unexplored
•Five porphyry-related prospects within a 15-kilometre-long, northwest oriented corridor of porphyry-related alteration and mineralisation at the north-western extremity of the Erdenet Trend
2012 Exploration Program
•Exploration drilling commenced in April 2012
•Alteration and field relationships suggest a high level of formation above a deeper porphyry
•A strong possibility of discovering additional mineralised porphyry gold-copper targets within the Sharchuluut Uul district, and along the defined structural corridor

Oyut Ulaan Cu-Au Project
• Xanadu Mines has executed a terms sheet with Temujin Mining Corp (a private Canadian company) to acquire Oyut Ulaan Cu- Au project via a purchase of Temujin’s wholly owned subsidiary Vantage LLC.
• Once documentation is finalized and a mining license issued, Xanadu will be entitled to a 25% Project interest
• Xanadu’s purchase of the remaining 75% will be subject to approval by a General Meeting of its Shareholders
Mineral potential
• Potential to host a large buried porphyry copper deposit or multiple skarn targets
• Numerous walk up drill targets comprise 18 mineralized prospects

Amgalant & Argalant Uul Cu-Au Projects
•Omnogovi Province of Southern Mongolia, approximately 230km SE of Ulaanbaatar
•Approximately 110 kilometres northeast of the world-class Oyu Tolgoi Cu-Au Project
•Proximal to the large Tsagaan Suvarga Cu-Mo deposit under development
•Exploration licences are large (Amgalant –109 km ² and Argalant Uul –895 km ²)
•Relatively under explored and occur in a shallowly eroded porphyry-type environment

Solenker Epithermal Gold District
•Dornogovi Province of SE Mongolia, approximately 680km SSE of Ulaanbaatar & 30km from Chinese border
•Xanadu holds 80% of the joint venture (Altan Xanadu) covering Elgen-Zost and Suug
•All significant regional Landsat data & geochemical anomalies held by Xanadu
•Altan Xanadu JV consists of 4 exploration licenses covering approximately 401km ²

 

[pixel]

After a long time in the doldrums, Xanadu looks like it's staging a come-back.



Did anyone notice the breakout in July and get set early?
Pity no-one alerted us. But it may not be too late yet. I'm usually scanning the Dailies with a $Turnover filter; that's why I missed it. Hope it's not too late.

 

[Porper]

After a long time in the doldrums, Xanadu looks like it's staging a come-back.

View attachment 59144

Did anyone notice the breakout in July and get set early?
Pity no-one alerted us. But it may not be too late yet. I'm usually scanning the Dailies with a $Turnover filter; that's why I missed it. Hope it's not too late.

View attachment 59145

A retest of the trading range around $0.105 would be good.

 

[pixel]

A retest of the trading range around $0.105 would be good.

Absolutely, Porper;

As it failed to break 16.5 today, I took my money (and some profit) off the table and shall reassess next week.

 

[piggybank]

Highest close since November 2012.

Please find at the link below the Company’s latest corporate presentation at last week's annual Mines & Money conference in Hong Kong.

http://www.stocknessmonster.com/news-item?S=XAM&E=ASX&N=915945

​

Maybe worth keeping an eye on it...

 

[barney]

Not much written on this little battler.

I suspect it won't be a "battler" for much longer.

Currently in a Trading Pause after rising +30% today.

Recent excellent Drill Results. Safe to say there will be more of those on the way.

Could be a "please explain" letter today, but I expect further results will see this take off further. (DNH)

 

[qldfrog]

My system got it in out a lot recently for what it is worth..

 

[barney]

My system got it in out a lot recently for what it is worth..

Excellent.

If you were in today its your shout Frog

ps You need to post a few of your signals for us

 

[barney]

ps. Interestingly, the Pause in Trading was at 1.29pm.

It is now 2.50pm with no further update.

It must be a lengthy please explain letter

It doesn't take that long to say "We know nothing"

 

[qldfrog]

Excellent.

If you were in today its your shout Frog

ps You need to post a few of your signals for us

Let me check:
One packet only but at least, i still had one

 

[Sean K]

Obviously some loose lips out Xanadu way.

 

[qldfrog]

Xam was a buy on open today for me, which i obviously missed? as it jumped up

 

[qldfrog]

Xam was a buy on open today for me, which i obviously missed? as it jumped up

A nice interesting experience today:
I give you the context:
one system selling XAM after a great win:
so sell before open at 0.071 or above;
another system entering and so buying before open at up to 0.075
These system using the same trader but different entities so different user name/account, orders entered yesterday
What do you think did happen?, or as an hint: how do you think I go screwed?

 

[barney]

A nice interesting experience today:
I give you the context:
one system selling XAM after a great win:
so sell before open at 0.071 or above;
another system entering and so buying before open at up to 0.075
These system using the same trader but different entities so different user name/account, orders entered yesterday
What do you think did happen?, or as an hint: how do you think I go screwed?

Open was .073 QF so in theory you should have bought and sold simultaneously at the same price?

However, given your comment, I assume you likely got a full fill on the Sell and a partial fill on the Buy (Order too high in the queue??)

So full brokerage and not much of today's rise to show for it?

 

[qldfrog]

Open was .073 QF so in theory you should have bought and sold simultaneously at the same price?

However, given your comment, I assume you likely got a full fill on the Sell and a partial fill on the Buy (Order too high in the queue??)

So full brokerage and not much of today's rise to show for it?

Even worse, full sell at 0.073, not a single buy at 0.075.
What should have been a swap was just a costly under sell.
I can not see how this could happen if the auction system was working properly.i bought my sold 0.073 packet in the 0.05xx range so will not complain too much yet something is wrong and i might next time play with a virtual paper transfer as my family own either systems.

 

[barney]

I can not see how this could happen if the auction system was working properly.

Thought it might have been the CHi-X factor, but not so

Technically your Order on Open should have been filled given it was almost 4 minutes before the 075 level was taken out

Only explanation would be a large number of higher priced Market Orders were hitting the queue instantly after the Open and you simply kept getting pushed to the back of the queue. Pretty annoying

Open trades from 073-075:

10:12:20 AM​	0.075​	37866​	2839.95​	ASX
10:12:14 AM​	0.075​	362133​	27159.98​	ASX
10:12:14 AM​	0.075​	137867​	10340.03​	ASX
10:11:53 AM​	0.074​	52744​	3903.056​	ASX
10:11:06 AM​	0.074​	4418​	326.932​	ASX
10:11:06 AM​	0.074​	9092​	672.808​	CXA
10:08:52 AM​	0.074​	25520​	1888.48​	ASX
10:08:47 AM​	0.073​	218493​	15949.99​	ASX
10:08:47 AM​	0.073​	21244​	1550.812​	ASX
10:08:47 AM​	0.073​	121222​	8849.206​	ASX
10:08:47 AM​	0.073​	23778​	1735.794​	ASX
10:08:47 AM​	0.073​	97222​	7097.206​	ASX
10:08:47 AM​	0.073​	95000​	6935​	ASX
10:08:47 AM​	0.073​	34000​	2482​	ASX

 

[qldfrog]

Karma helped, as yesterday open buy was for my weekly system, i reordered today at 0.073..the price i sold yesterday,
And just got filled.so back to where it should be.now the price can start crashing ?