CXO (ASX) danger for CXO shareholders.

Originally posted by zara1950: ↑

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

Expand

Originally posted by zara1950: ↑

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

Expand

I am about to work out who you are and what you are trying to do???
This will be my objective after February the CRUISE I gained from my share gains.
This is not saying I have gained this part of the year but what I see in comments is we are in the wrong climate we we should HIBBERATING.
Please let me know if I am wrong but my feeling is to just stop reading on the forum you want to read but my stupid advise is.
HIBBENATE like CXO.
ZARA am I correct????
i will in closing losing money in the company if it goes lower' then SAVE and wait is what I am doing.

No.	Vol.	Price($)
7	560885	9.4¢

No.

Vol.

Price($)

560885

9.4¢

Price($)	Vol.	No.
9.5¢	48734	2

Price($)

Vol.

No.

9.5¢

48734

No.	Vol.	Price($)
7	560885	0.094
11	2133951	0.093
19	1835015	0.092
26	1631064	0.091
58	3322356	0.090

No.

Vol.

Price($)

560885

0.094

2133951

0.093

1835015

0.092

1631064

0.091

3322356

0.090

Price($)	Vol.	No.
0.095	202767	4
0.096	931579	15
0.097	931730	10
0.098	947299	14
0.099	1166638	15

Price($)

Vol.

No.

0.095

202767

0.096

931579

0.097

931730

0.098

947299

0.099

1166638

(20min delay)
Last 9.5¢		Change 0.003(3.26%)		Mkt cap ! $196.5M

Open	High	Low	Value	Volume
9.4¢	9.5¢	9.3¢	$141.4K	1.498M

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