CXO 30.0% 13.0¢ core lithium ltd

Ann: September Quarterly Report and Investor Call, page-29

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  1. 2,168 Posts.
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    Regardless of meeting

    cxo is not going anywhere - look at how it struggle to maintain 35c

    it needs to get a positive and enhance DFS report - which will be months away.

    Look at PLS - the Li price that it got in september quarter was alot less than previous

    it is also more efficient operator than cxo

    Most of the fund manager have price target cxo 38c-42c

    Unless the world gets a boost in Li demand - Li price will be down - therefore chance of cxo moving higher is small.

    Look at the issues around the world now :
    middle east war
    ukraine war
    jhina property debt crisis
    US inflation
    Rest of europe - close to going into recession.

    more chance - cxo will go down if the DFS report is not good.
    cxo target for T/O - no chance --- too small and low quality.

    Overall, user3 is near correct when he said cxo to hit 30c (user3 - if you read this - why - what data did you use to come up with 30c?)

    https://hotcopper.com.au/data/attachments/5686/5686090-b46ffd2b87d300f926151d87c134d6d9.jpg
 
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