The share price of a company is based on the potential of the company and not the current situation alone. Volume yesterday and today are indications the prospects in CXO looks excellent. Institutions getting in now is not looking at $1 return from their investments. I think they do expect a lot higher returns. Investors looking at a share price not much higher than that could be selling themselves short. Besides having supply at such a short distance to Port is almost unheard of. A good Tier1 political stability, nearness to port, no debts and funding certainty are all assets to the company. I think CXO is in a fantastic position. Spodume price is definitely helping CXO cause.
CXO - Chart Thread, page-1987
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $1.346M | 13.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 452071 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2273869 | 37 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |