The difference is CXO is producing now without any sov risk impediments , good luck with Africa.CXO in Australia and SYA in Canada are the two mines producing for 2023, the rest are a way off yet. CXO also has a low cost of production and anbout 80% of current production in offtake agreements. Forget the spot price ,its the contract prices that count. We have been here since late 2015 at a very low buyin price, the dilemma is "hold on and collect dividends or set a sell price, good problem.
The world will be short of lithium for a long time so it does't really matter if current prospective mines come on line, there will be demand, The USA IRA kicks in soon and litium will have to be sourced from "frendlies" with esg committments , currently being Australia and Canada.
I have high confidence in CXO ability to be very profitable with a good resource.
The difference is CXO is producing now without any sov risk...
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $505.1K | 3.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 133 | 4019350 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 1850540 | 34 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
14.3¢ |
Change
-0.005 ( 1.32 %) |
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| Open | High | Low | Volume | ||
| 14.0¢ | 14.3¢ | 14.0¢ | 2186726 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| CXO (ASX) Chart |