I doubt they'll be thinking of a 10:1 share consolidation right now during this busy period
It's great to see CXO finally getting a bit of a break.
The manner in which the market was made aware of the company's shortcomings this year, was a disgrace as we all know. However, it feels like everything is laid bare, it can't get much worse, and the market will give credit to positive news from here on in.
CXO are quietly plodding along with their production, recovery rate improvements, preparing BP33 ... I get the feeling a major announcement such as a big resource find / increase, could propel this way back above the 50c mark, in quick fashion. If Li prices (the made up Chinese ones that a lot of the gullible take as gospel) continue to increase, the latter won't even be necessary.
Good luck in 2024 holders. I'm off to Japan on holiday for the festive period.
Kanpai!
CXO Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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