Ann: CEO Transition, page-93

GS adjusted forecast .......

The broker has a 13 cent target price for Core Lithium shares, representing a potential additional 32% downside from current levels.

According to Goldman Sachs (courtesy of CommSec):

Following the suspension of mining in Jan-24, CXO announced mutual termination of the mining services agreement with Lucas in Feb-24.

Subsequently, CXO has also advised Primero that the operation and maintenance agreement for the DMS plant would end once the processing of the remaining ROM [Run of Mine] stocks is completed in mid-2024.

While CXO is restructuring its business in response to the decrease in the spodumene price, we note that with the mining contract terminated and notice given on the processing contract, we expect that a near-term restart of the Finniss operation is increasingly unlikely.

Core Lithium shares may well rebound down the road when the supply and demand dynamics come back into better balance in global lithium markets.

But for now, I'd cut and run.

I actually want to see how the market manipulators will make this bounce back up to 26c from 13c, assuming no news for a few weeks and Li price stable or move side way.

Love how this stock has become a pump and dump.

Also love those HC members who keep pumping cxo stockpile of raw Li ....enough to make a profit. Still waiting for that profit

So does cxo have enough cash to fund bp33 to production? If it does not, how will it get the fund to complete. Will it do another CR at 13c discount to 7c.

Cxo sp is definitely controlled..... if this was a few months back, sp would have tanked 20% to 30% in a day. Now its only down 5%.

For this to survive as an ongoing business, it needs to get bp33 into production via the most cost efficient method. But no one knows how.