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?
- Forums
- ASX - By Stock
- CXO
- Banter and general comments
Banter and general comments, page-4803
-
- There are more pages in this discussion • 34,134 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
9.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
9.1¢ | 9.3¢ | 9.0¢ | $1.424M | 15.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 97919 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 1856379 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 97919 | 0.091 |
12 | 541984 | 0.090 |
4 | 122200 | 0.089 |
8 | 560905 | 0.088 |
11 | 742795 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 1482354 | 3 |
0.093 | 10000 | 1 |
0.094 | 161466 | 3 |
0.095 | 263400 | 7 |
0.096 | 347472 | 7 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |