I suggest a study of the AJM saga might give you some insight into what might happen with CXO. Two big differences:
1. AJM production 220ktpa. CXO production 80ktpa
2. AJM Debt about A$250m. CXO no debt. Cash about A$200m.
CXO's cash will give it more staying power in a low SC6 price environment. So long as CXO manage their cash resources efficiently and the SC6 price starts to recover above US$2000/dmt. (CXO's rough FCF breakeven point) before the year end, then CXO will get back on track.
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Last
10.0¢ |
Change
0.005(5.26%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
9.8¢ | 10.5¢ | 9.8¢ | $1.246M | 12.48M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 187705 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 718 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 406093 | 0.100 |
3 | 171988 | 0.099 |
8 | 522584 | 0.098 |
6 | 559737 | 0.097 |
8 | 926021 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 31681 | 1 |
0.105 | 7708279 | 86 |
0.110 | 1861818 | 55 |
0.115 | 1792863 | 30 |
0.120 | 1981062 | 26 |
Last trade - 15.59pm 18/09/2024 (20 minute delay) ? |
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CXO (ASX) Chart |