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The latest announcement is out from Xanadu Mines Ltd ( (AU:XAM) ).
Xanadu Mines Ltd has issued a supplementary target’s statement in response to an off-market takeover bid by Bastion Mining Pte. Ltd. for all of Xanadu’s fully paid ordinary shares. This announcement is significant as it reflects Xanadu’s strategic response to the takeover bid, potentially impacting its market positioning and shareholder interests.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is an exploration company listed on the ASX and TSX, operating primarily in Mongolia. The company focuses on large-scale copper-gold discoveries and low-cost inventory growth, with a notable project being the Kharmagtai copper-gold deposit, which it controls jointly with Zijin Mining Group.
Average Trading Volume: 8,777,197
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.