GS adjusted forecast .......
The broker has a 13 cent target price for Core Lithium shares, representing a potential additional 32% downside from current levels.
According to Goldman Sachs (courtesy of CommSec):
Core Lithium shares may well rebound down the road when the supply and demand dynamics come back into better balance in global lithium markets.
But for now, I'd cut and run.
I actually want to see how the market manipulators will make this bounce back up to 26c from 13c, assuming no news for a few weeks and Li price stable or move side way.
Love how this stock has become a pump and dump.
Also love those HC members who keep pumping cxo stockpile of raw Li ....enough to make a profit. Still waiting for that profit
So does cxo have enough cash to fund bp33 to production? If it does not, how will it get the fund to complete. Will it do another CR at 13c discount to 7c.
Cxo sp is definitely controlled..... if this was a few months back, sp would have tanked 20% to 30% in a day. Now its only down 5%.
For this to survive as an ongoing business, it needs to get bp33 into production via the most cost efficient method. But no one knows how.
