Every processing plant has recovery issues and more often than not the first 12-24 months is spent optimising the process and adding/removing (generally modifying /adding) processing equipment.
every business has had its share price smashed after start up , be it spod , graphite, gold , copper ….they have all copped it at some point and it’s generally a capex thing ( keep it as low as possible) during construction phase . Get it going then add what is needed ( easier to fund & different tax codes).
its share trading one o one …..look at any chart which shows a flow from discovery to operational mine ……share price follows the same trend .
they will sort the recovery issues ….in fact they would of known it wouldn’t hit the target in the feasibility studies ( they generally all miss that) it’s more seeing how far off .
the CR at 40c does suck but better off having no debt at this stage .
what’s the plant run ? 14 weeks in total wasn’t it? ….they are in a pretty good position to tell you the truth.
- Forums
- ASX - By Stock
- CXO
- Banter and general comments
Banter and general comments, page-31416
-
- There are more pages in this discussion • 7,881 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
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.3M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 10.0¢ | $1.502M | 14.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
78 | 5970714 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 250000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
74 | 5900714 | 0.100 |
10 | 526569 | 0.099 |
11 | 408265 | 0.098 |
4 | 294509 | 0.097 |
5 | 1200005 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 250000 | 2 |
0.110 | 8306193 | 109 |
0.115 | 3004884 | 45 |
0.120 | 2548891 | 33 |
0.125 | 1626049 | 29 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |