Todays Fin Review says “ the ASX’s critical minerals producers are facing a blowout in costs as the challenging geology of extracting green metals comes up against high prices for labour,utilities and services….will make boards reluctant to invest in projects targeted at decarbonisation at a time when the world faces a shortage of minerals essential to the energy transition”
To me that means CXO may not be as bad as punters think.The reason is improvements should decrease wastage and my view is lower production will be partly offset by increasing Lithium prices as the realisation of lower than expected world Lithium supply impacts.At least we are producing and making money.Agreed we need to get BP33 up and running on time.I think the other thing that will support us going forward is good drilling results which we are all hoping will happen this year.
So yes the quarterly result was not what we expected but the recovery in the SP by this afternoon may be a good reflection that things could be a lot worse.Definately there is a lot of fine tuning needed and the Board needs also to up their game.
- Forums
- ASX - By Stock
- Ann: Quarterly Report and Production Guidance/Cashflow Report
Todays Fin Review says “ the ASX’s critical minerals producers...
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
|
|||||
Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $196.5M |
Open | High | Low | Value | Volume |
9.4¢ | 9.4¢ | 9.0¢ | $1.679M | 18.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 293 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 276590 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 293 | 0.092 |
6 | 538535 | 0.091 |
52 | 2565633 | 0.090 |
10 | 668874 | 0.089 |
14 | 665136 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 276590 | 6 |
0.094 | 246118 | 5 |
0.095 | 942181 | 23 |
0.096 | 16580 | 2 |
0.097 | 50000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
9.2¢ |
  |
Change
-0.002 ( 2.23 %) |
|||
Open | High | Low | Volume | ||
9.4¢ | 9.4¢ | 9.0¢ | 10903918 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
CXO (ASX) Chart |