CXO - Chart Thread, page-614

Sure thing LFCGeo774!

I'll add to my post on the 23rd July which predicted a theoretical move to 38c short term: Post #:54730582 by posting a new chart and continuing the "what's gone before with a stock often repeats" theme with a new chart:


The volume spike around 21 Jan looks to be similar to where we are now. Considering the huge media coverage of the very likely lithium shortage both near term and long term, I have consulted my wand, cauldron, and crane bag, and think there's every chance we could test previous highs in the next week to 10 days. I'll be more confident of that if the company announce some positive news regarding an offtake or finance.

While I'm here, I'd be seriously surprised if SB will be so naive to raise any time soon, particularly at 23c. There's simply no need. But with 2 brokers "assuming" that figure, that's a minor concern. It would be pure stupidity to do so, considering our momentum.

Those articles are littered with nonsense imho. They ASSume debt funding of $80m? lol.

SB said in a recent interview, "we have $40m in the bank don't forget" so with the Govt's low interest loan of $5m added, we're halfway to finance already. Then add in a likely Yahua offtake finance deal and other pre-payments from desperate customers, it totally negates the need to raise what, a trifling: 25 million x .23c = $5.75m which would totally kill off momentum and all respect for our MD's pedigree / trustworthiness / intelligence! I take that report with a pinch of salt. If that raise was announced, I'd be dumping close to 2m shares the same day ...

I'll raise a glass of chouchen tonight to my druid brothers and non-believers alike!