Gees I would pay to see the Shorts burn. To see that smug smile on their face disappear(user3 will be first to go silent with his large bold fonts). And imho it will happen. The $1.20 is the key resistance level. Once that goes then it is over for them.
What will get us there?? A few of the following news items or a combination of the following:
1. Start of FY24
2. Resource upgrades
3. Production upgrades
4. News on current top line increases /growth.
5. Additional resource finds/extensions.
6. Increasing Cash Balance (building war chest)
7. Any hints from management of paying a future maiden dividend (even if it is 20-30% and it is when they accumulate enough franking credits).
8. Any movement in the gold/uranium exploration targets.
9. Improving Macro backdrop.
10. A takeover offer!!!
If CXO can continue to execute on their plan and let the market know how they are doing on a regular basis then I am sure FY24 will be a good year.
Banter and general comments, page-27960
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $251.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.3¢ | 11.5¢ | $1.079M | 9.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 6990580 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 2190935 | 29 |
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| Last trade - 15.33pm 09/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |