Cxo are producing hence they have to stall everything to stop cash burn and impairment loss due to the lithium price and their high costs. Gl1 are explorer moving to development and carries less risk and can wait for the recovery in lithium prices before pushing towards first production. Drill results due in the next 2 weeks and a mre upgrade by Q2. 52MT Jorc resource is not small or large, but can be economical. Consider ESS who merged with develop only had a resource of 11.2MT.
you will see consolidation of lithium juniors rather than bankruptcy.
min res holds 10% of gl1, i will be keeping an eye out on minres, who may just in fact be waiting on the drill results. A good upgrade and drill result and low spod price makes gl1 a very attractive target imo. I would rather see gl1 grow into a bigger company rather than be taken over
dyor. Im heavily invested
Cxo are producing hence they have to stall everything to stop...
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Last
36.5¢ |
Change
-0.020(5.19%) |
Mkt cap ! $94.99M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 36.5¢ | $148.8K | 397.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 51442 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 67943 | 3 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
-0.020 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 36.5¢ | 36556 | ||
| Last updated 15.58pm 06/05/2024 ? | |||||
| GL1 (ASX) Chart |