General Discussions, page-18905

While its definitely a case of comparing oranges to apples... I'll revisit my experience with CXO.

I had a parcel in CXO. I got in pre-FID (mid-2021) when stock was in the 20c range. When they got to FID, the SP was around 39c. It then rallied to 60c range in Oct 2021, when they started construction. At this time, the market cap was now over a 1 billion and I thought the SP would just stagnate or rise slowly while construction was going on. SP drifted down to 50c by start of Dec 2021 went back to the 60c range at start of Jan 2022. I thought I had seen enough... I was confident that the stock would eventually get to $1 but it will be a while yet: the construction phase would be a 'dead period' for the stock and my money was better elsewhere - I exited stage left. Long story short, it rallied to 90c two weeks after I sold and was at 1.50 by April 2022.

As stated its an apples v oranges: lithium boomed, macro environment was different. But, you can just never know how far the re-rate (if any) can go before and after BAM, BOA, FID.