danger for CXO shareholders., page-13

this is my opinion, i have been a share holder off and on since the 2/3 cent days , even before it was called Core
i sold my last lot at 34 cents ,

you will find that i haven't really bashed the ceo much at all apart from a few light harted digs

what i have discovered is this isn't a great mine , its too scattered out , it has high cost of production , falling prices isn't helping

its in an area where rain and monsoons play havoc for 3/4 months a year ,

there isn't a lot the Ceo can do about that, but he could be more on the front foot about what is actually happening with the business
we seem to get info long after the BEOT know ,

for this company to be a successful one. it needs a very high lithium price and in my opinion that isn't going to happen anytime soon

maybe explore some of their other assets , close up wait for better days , they will run out of money at today's prices of product ,
another CR at what price , who would be party to that , at what price , the dilution would be horrendous

so to sum up i think its a very bad investment , for those who think the opposite keep buying or sit it out in the hope one day things will improve

ill put it another way the CEO inherited a mess and its still a mess , in my opinion