Its normal in most commodity supply for producers to be at different cost of production, Rising price floats all boats and when the water gets to us we start floating, if you keep rowing the boat when the price tide has gone out from under you its a waste of time and money. The beauty of mining companies is they can mothball ops till the price supports operations (see Paladin in the Uranium space) - the price will move such that enough mines are in profit to provide the volume of supply required. Pleasing to me to see the trend in spodumene price has bottomed and now reversed and looks to be rising once again.
Its normal in most commodity supply for producers to be at...
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $1.708M | 15.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 136 | 4915336 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2283841 | 37 |
View Market Depth
| Last trade - 14.37pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
10.8¢ |
Change
0.005 ( 1.83 %) |
||||
| Open | High | Low | Volume | ||
| 10.5¢ | 11.5¢ | 10.5¢ | 10380215 | ||
| Last updated 14.53pm 07/06/2024 ? | |||||
| CXO (ASX) Chart |