CXO 4.26% 9.0¢ core lithium ltd

Banter and general comments, page-4803

  1. 7,396 Posts.
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    It's so good to read that CXO holders have become millionaires, paid off houses, etc. I know it's all true because if I hadn't sold last November I'd be sitting on $1.5M now too. Congrats to all those with more foresight than I had. I expected the SP to spend most of this year at around 6c. To be honest I really thought world markets were going to tumble at least 50% by mid year and also that the EV lithium boom would be dead in the water for a few years. Due to the pandemic I assumed the world would take the path of least resistance to recovery, meaning sticking with oil and IC engines. How wrong on all counts!

    I do question the current MC of CXO though. A billion dollar company with a tiny ore reserve - still around 7.5Mt, unless I've missed a resource upgrade or two. Have there been any assay results from the drilling that commenced mid year? I haven't noticed any but I may have missed them. And what about the gold exploration - any news on that front? Of course this'll sound like a down ramp and maybe sour grapes but it isn't meant to. CXO has been a fantastic stock, as have LTR and FFX over the past year but those other two companies do have large resources (+ gold for FFX) and I just have to wonder if CXO is now top whack in terms of SP - pending resource upgrades, etc. Any thoughts?
 
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Last
9.0¢
Change
-0.004(4.26%)
Mkt cap ! $196.5M
Open High Low Value Volume
9.4¢ 9.4¢ 9.0¢ $579.3K 6.298M

Buyers (Bids)

No. Vol. Price($)
82 3501160 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 625147 19
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Last trade - 11.44am 30/07/2024 (20 minute delay) ?
CXO (ASX) Chart
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