Although DSO is a nice thing to get cash flow early it is not very sound business. I would not like CXO to follow that path unless:
- Force to by off-taker because the off-taker is in dire need of Lithium
- To help finance the "real thing"
Otherwise it just limits the amount of money we make in the end. Also it is environmentally bad and as Lithium is primarily needed for EVs to "help" the environment we should not mess it up by doing silly things. The only acceptable exception being a lack of Lithium supply. I even believe that the whole business of shipping concentrates to Chine for conversion into LCE or LiOH should stop ASAP. Conversion should be done in Australia. Saves more shipping costs and pollution! And I find it very good to see that some are working in that direction!
So hope that CXO does NOT consider DSO but focuses on concentrate. And would even be better if they would be planning a conversion plant, e.g. near Darwin port? But that only after the got their mine up an running. We should focus on getting a mine up and running and whilst at it proof up Zola!
- Forums
- ASX - By Stock
- CXO
- DSO and Mets!
DSO and Mets!, page-13
-
-
- There are more pages in this discussion • 163 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
|
|||||
Last
9.3¢ |
Change
0.001(1.09%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.4¢ | 9.6¢ | 9.3¢ | $671.3K | 7.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 991746 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 164458 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 791746 | 0.093 |
19 | 2056684 | 0.092 |
28 | 1746817 | 0.091 |
60 | 3272038 | 0.090 |
13 | 967806 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 110558 | 2 |
0.095 | 77103 | 5 |
0.096 | 413777 | 7 |
0.097 | 941342 | 8 |
0.098 | 793687 | 10 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |