CXO 3.23% 9.6¢ core lithium ltd

ADD $4.00 FOR THE THEFT, page-147

  1. 676 Posts.
    lightbulb Created with Sketch. 48
    All questions answered. The SP isn't what we want it to be and there is a good reason to blame the right party.

    Blaming SS is silly.

    https://12ft.io/proxy?q=https%3A%2F%2Fwww.smh.com.au%2Fbusiness%2Fbanking-and-finance%2Flithium-stocks-in-short-sellers-sights-as-hindenburg-blows-up-tech-stock-20230322-p5cu8w.html

    "Shares in Block, which is dual-listed in Australia and the US, plunged on Friday after short seller Hindenburg Research issued a report alleging the payments company facilitated fraudsters. Block said the report was “factually inaccurate and misleading” and it intended to work with the US Securities and Exchange Commission to explore legal action against Hindenburg."

    The shorts may well get the crap kicked out of them (oh the humanity!). The SEC can be a lot more savage than ASIC normally is.

    "TR being a tier1 tenement and without producing DSO for another 12 months is worth $2.60. CXO a current producer with zero debt and easy 15+ years LOm life is worth close to $3 if the current management keeps the comms going and stop joining the beot to short the shit out of cxo...provided the change in lithium commodity price.."

    I won't disagree if you can say a sufficient dividend at a realistic discount rate, perhaps even discounted for a few more years.

    $5.87 at a pre tax dividend of 5% would imply a 29 cps dividend.

    15 cps dividend at 5% is $3. Maybe that's right.
 
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