CXO 1.10% 9.0¢ core lithium ltd

Ann: More Wide High-grade Lithium Intersections at BP33, page-38

  1. 2,397 Posts.
    lightbulb Created with Sketch. 3088
    Very unlikely to happen. Certainly at that price.

    Management are confident of reaching their 10 year mine life target. With finance already more or less a given, that would value us at least $200m-$300m when producing. Why would they undersell the company when in under 2 years, we’ll be worth 4 times your suggested number?

    I guess if CXO have something else better up their sleeve, it might make sense to sell it off at project level, but that’s unlikely too.

    I certainly won’t be agreeing to sell my 1m+ shares at those prices, when a $250m MC say, would put us at around 40c. If all goes as planned, we’ll be around those levels late 2019.

    And a bumper peg find could double those numbers again.

    I’m patiently sitting on my hands and topping up when I can. This is as close to a certainty of a 5-Disallowed as I’ve seen in a while, despite market sentiment towards the lithium sector of late (no comment about high profile business people tweeting while tripping, with supermodels on their lap, not helping matters. That would just be distasteful! ).
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
9.0¢
Change
-0.001(1.10%)
Mkt cap ! $194.4M
Open High Low Value Volume
9.0¢ 9.6¢ 9.0¢ $1.114M 12.16M

Buyers (Bids)

No. Vol. Price($)
28 2776953 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 213471 34
View Market Depth
Last trade - 15.02pm 06/08/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.