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4.30%

9.7¢ core lithium ltd

CXO the timing is perfect, page-86

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Bondog82

1,316 Posts.

88

13/05/20

16:20

Post #: 44600344
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Originally posted by Mark77: ↑

I saw that Morning Star had it 8c last week and good to see it going up. I assume that this is the valuation based on current resources and so with an increase in reserves, it should the valuation should increase by a multiple of 9c.
Even though we have had three good days of trading with nice volumes, it still represents only about 2-3% of shares. This suggests that most SHs are holding on to their shares knowing that the SP will go up significantly after a resource upgrade, finance, offtakes and other positive news.

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Well, doesn't the share price only move dependant on what someone is willing to buy/sell for? (perceived value) . I still don't quite get the whole value of what's "in the ground".......annoys me so much......I hold an exploration stock that has a SP of 1.2c with a MC of 23mil.......and yet there is apparently 70mil of earthmoving equipment on the block, and millions of oz of gold in the ground.........so how does that not show an immediately different SP of 3.6c ?????

Can someone please explain???

CXO Price at posting: 5.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 9.7¢		Change 0.004(4.30%)		Mkt cap ! $207.2M

Open	High	Low	Value	Volume
9.3¢	9.9¢	9.1¢	$1.901M	20.05M

Buyers (Bids)

No.	Vol.	Price($)
3	120400	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	226960	2

View Market Depth

No.	Vol.	Price($)
1	2497	0.110
3	70000	0.100
1	5500	0.099
2	13163	0.098
6	170292	0.097

Price($)	Vol.	No.
0.096	25000	1
0.097	2063	3
0.098	526777	6
0.099	390312	7
0.100	331031	16

Last trade - 16.10pm 10/07/2024 (20 minute delay)

CXO (ASX) Chart

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