CXO raised their entire capex at something like 32 and 34 cents a share from memory and only a few months later they are running at close to double that now.
Obviously a great many differences exist between CXO and LTR as companies and also their resources but CXO is basically a $1b company with a resource approximately 1/10 the size to put a very basic spin on it.
Not to suggest we will follow the same trajectory but it appears the market likes having absolute certainty regarding project financing.
edit: Typo.
ASX Today, page-13665
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Last
59.5¢ |
Change
-0.030(4.80%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.5¢ | 59.0¢ | $8.852M | 14.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 212314 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 310624 | 8 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |