Regardless of meeting
cxo is not going anywhere - look at how it struggle to maintain 35c
it needs to get a positive and enhance DFS report - which will be months away.
Look at PLS - the Li price that it got in september quarter was alot less than previous
it is also more efficient operator than cxo
Most of the fund manager have price target cxo 38c-42c
Unless the world gets a boost in Li demand - Li price will be down - therefore chance of cxo moving higher is small.
Look at the issues around the world now :
middle east war
ukraine war
jhina property debt crisis
US inflation
Rest of europe - close to going into recession.
more chance - cxo will go down if the DFS report is not good.
cxo target for T/O - no chance --- too small and low quality.
Overall, user3 is near correct when he said cxo to hit 30c (user3 - if you read this - why - what data did you use to come up with 30c?)
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