Ann: A$100m Institutional Placement, page-77

CXO is heading into production.
This is about to become a PLS like cash generating machine and now it has with a strong PLS like register.

2023 will be huge cash flow wise.

Shorts are on the wrong side of this now and history down here.

I'm trying to work out their short investment case now the Gangfeng overhang is absorbed, $100m insto capital raised and no way for them to find shares, (even borrowing them if they can and not sure they can quickly or at this level will want to)

The 35% fall all makes sense but the short case just changed on a dime.

If the underlying asset is rapidly appreciating in value and balance sheet strong as CXO becomes like PLS and it has big instos on board and possibly a new strategic investor, Hedge funds rapid push down on CXO from $1.68 to $1.10 in 13 days to seek shares has now created a bonfire.

- Ganfeng shares wer crossed out
- $100m underwritten Insto placement pumps up the balance with cash and big insto friends.

Market will catch on with 135m to 150m shares short ....a short squeeze set up is 100% on
Not sure these local and offshore morons are aware they have been shorting the RIO of Lithium. Hell RIO may now be a shareholder ??

They can gloat in the mirage of their unrealised profit this weekend but they need 135m-150m shares back to realise it.......so.this won't end well for them.

Short squeeze begins next week.

CXO don't give any Hedge Funds a sinhle share and your SP will be above $2.00 soon ans $3.00 by Christmas.