I suggest a study of the AJM saga might give you some insight into what might happen with CXO. Two big differences:
1. AJM production 220ktpa. CXO production 80ktpa
2. AJM Debt about A$250m. CXO no debt. Cash about A$200m.
CXO's cash will give it more staying power in a low SC6 price environment. So long as CXO manage their cash resources efficiently and the SC6 price starts to recover above US$2000/dmt. (CXO's rough FCF breakeven point) before the year end, then CXO will get back on track.
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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CXO (ASX) Chart |
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