X2 jostles to be the next Xstrata

X2's latest equity raising could signal the next chapter of the resource sector's boom-bust cycle, but the company's success will hinge on the timing of its acquisitions and the outlook for commodities.

A key moment in the boom-bust cycle of the resources sector may be about to get underway with Mick Davis’ announcement that his new X2 Resources has raised another $US1.5 billion of equity and will now focus on “starting the investment process”.

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