Market cap now sub A$400m.
It now has to be a takeover target, even if it is to bank the Grants/ BP33/ Finniss assets for a few years.
With circa A$150m - $160m cash (assuming circa $30-40m capital expenditure this year) plus the above mentioned assets plus circa 280-320k t of production on the ROM plus other exploration assets an aggressor can acquire a minimum of 1.0- 1.5M t of LCE assets for an absolute song.
The next main event I expect with CXO is a low-ball offer from another entity looking to bank the CXO assets for a few years.
Not advice, just my expectation.
Banter and general comments, page-35748
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $1.346M | 13.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 452071 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2273869 | 37 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |