Yeah CXO is heavily played.
My guess because CXO only have a small resource, (for the moment) and the company aren't being proactive in announcing to the market any update on the previous 6 months of the $25mil in drilling.
When production ramps up, with regular shipments month on month, multi millions of revenue coming in each month the SP will reflect a better value.
I'm picking that will be 6-9 months away, and hopefully the shorters will have left the building...
And it pisses me off when people as are we expecting dividends soon.
We aren't even up to speed fully producing with regular shipments yet...!!
Dividends maybe after 2-3 years of production I'd say...
Ann: Becoming a substantial holder, page-19
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |