Proactive Investors - Run By Investors For Investors

Xanadu Mines Ltd's director Andrew Stewart buys on-market

Xanadu Mines Ltd's director Andrew Stewart buys on-market

Xanadu Mines Ltd's (ASX:XAM) executive director & chief executive officer, Andrew Stewart, has lifted his stake in the company through an on-market purchase.

Stewart now holds over 4 million shares, after snapping up 52,000 shares for $9700.

Xanadu has a clear focus to transition its exploration projects in the South Gobi of Mongolia into mineable deposits through discovery of high value copper, gold and gold resources.

Xanadu maintains support from an Australia-wide broker who has a Speculative Buy recommendation and price target of $0.51 per share.

Shares in the company last traded at $0.195.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full XAM profile View Profile

Xanadu Mines Ltd Timeline

Related Articles

coal
September 04 2018
Regency’s partner LHC (Legacy Hill Coal) is the operator of MET and has a 53% stake, with the UK business owning the rest
1544464595_newrange-gold---lamdscape.jpg
December 11 2018
Located in the Walker Lane mineral belt of Nevada, Pamlico enjoys excellent access, infrastructure, a mild, year-round operating climate
diammonium phosphate fertiliser produced from Ammaroo ore
November 29 2018
The Ammaroo Phosphate Project's million net present value (NPV10) is a nominal, ungeared after-tax $344 million

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use