Fab company numbers, but looking at the macro, US Fed forward guidance on interest rates November 2nd, rate hike December 14. Australian RBA this afternoon followed by BOE November 3rd. Each country will hike rates, for me this is baked into the market as green shoots expected on a decreasing inflation reading in the US, UK, Europe, Australia forecast by EOY. Putin and grain supplies destabilising, but by all accounts at least a levelling off in G7 nation's inflation data would be positive for markets, inturn global growth. My guesstimate is CXO will hit $2.50 by EOY on EBITDA (Earnings before interest, taxes, depreciation and amortization) Only time before the market start to revaluate Core Lithium production ..
Enjoy your day guy's ..
Oh and hold tight for the SP correction ..
:-))))
CXO - Chart Thread, page-4241
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |