CXO 8.33% 11.0¢ core lithium ltd

Banter and general comments, page-34114

  1. 14 Posts.
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    I'm a long standing share holder from the early days when I averaged out at 33 c and it went to $1.80 but alas I got greedy, so I'm trying to see where this stock could go in the future. As I see it...
    Positives
    -
    We are a producer (unlike Liontown and many others)
    - We aren't in Africa (unlike LEO lithium .. geez I'm suffering there)
    - We generally hit deadlines with the exception of the reduced output advised
    - Unless the world decides hydrogen is the answer then there will be massively increased demand in the future for lithium and the current prices are likely to delay other miner's exploration/production investments

    Negatives
    - Goldman sucks etc. continue to short CXO even though they've already made an absolute fortune shorting it and clearly don't think it's a takeover prospect (unlike Liontown was)
    - The lithium price continues to be pushed down, hence the shorting
    - Management appear to need a few lessons in communication and when is a good time for a CR
    So, my question is to the experts in the group. Is the reason that GS etc are shorting it because they believe the lithium price will continue to come down to such an extent that the market price falls below the production costs of c. $950 making the entire company unsustainable in the short term or will market forces bring the lithium prices back up (if you believe it's not rigged by the BEOT)?


 
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Last
11.0¢
Change
-0.010(8.33%)
Mkt cap ! $235.0M
Open High Low Value Volume
12.0¢ 12.0¢ 11.0¢ $1.273M 11.04M

Buyers (Bids)

No. Vol. Price($)
90 4249729 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 1485952 43
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Last trade - 15.39pm 16/07/2024 (20 minute delay) ?
CXO (ASX) Chart
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