CXO

0.00%

10.0¢ core lithium ltd

Banter and general comments, page-37456

First 37456 Last

Share
Profile

Follow
AL828

121 Posts.

120

19/03/24

17:21

Post #: 72964825
Share

Originally posted by SP: ↑

Given we are only 3-4 months away from stopping ore processing, the new CEO should take ownership and show some urgency to deal with this matter. Moving the company from Producer to Explorer to preserve capital is not an option. The Board needs to think logically at all options on hand.

At a minimum, I would expect immediate priorities to be;
1. CEO to relay message to NT Resource Ministers and the PM directly that site will go on C&M effective July. State how many jobs / economic benefit will be lost. This is another critical industry failure. Remind everyone this was a major project which received Federal support 2 years ago.
2. CEO must request Commonwealth Government / NAIF to financially support Core similar to LTR and ARU to fund BP33 development. To me this is the key, this preserves company from turning into Explorer and going into "hibernation". It is about farking time we have debt on our books but not capital raise.
3. With current cash $125M, continue focused drilling to add to overall MRE tonnage of 30MT. Target 50MT by end of 2024
4. With current cash, start planning / discussion with new EPC contracts to commence Grant mining from June onwards. Prices are heading up so if anything we could be breakeven if price reaches US$1250 / A$1900
5. Share / quantify the outcome of Strategic review. Look at all option to bring C1 cost further down (office relocation, support staff, leases). Gareth and Natalie in my 1:1 have said many times the higher C1 cost per Tonne is due to small operation, well its about time with recovery rate improving to 63% look to increase production. The guidance of 80-90 T was based on 50% recovery.
6. Start drilling at Uranium prospect to increase tonnage with aim of selling. Uranium is hot so advertise / wear bloody marketing hat.
7. Re-negotiate contracts with Yahua and Gafeng to add price floor of say US$1500 for next 2 years. These mobs were happy to pay $4000 last year. This way we can have the light on until BP33 is ready.
8. CEO start networking / collaborating with State Street / Investment Banks. We all know who suffers in the end with shorting.
9. Adopt learnings mindset - significant amount of money have been paid for one-off (EPC contract settlement, provision for erroneous contracts, CEO departure, office relocation etc). Please consider these learnings going forward and have support organisation (Finance, Law, Tax) review these arrangements before sign-off.
10. Bring back Steve Biggins. This may not be popular but Steve took this company from 20M to Billion dollar market cap. Surely he can tempted to come back and do it once again. Reason I want him is his network connection with Yahua/Gafeng and Australian Government. Plus he is a Geologist.

End of day we need to progress on all available development options in parallel and be in a ready-state to take advantage of price rebound.

Rant over!

Expand

SP, good list to start with. Maybe you should apply for the position of CEO!

CXO Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 1,842 more messages in this thread...

First 37456 Last

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($)
60	4873822	0.100
10	526569	0.099
10	358265	0.098
3	220309	0.097
5	1200005	0.096

Price($)	Vol.	No.
0.105	250000	2
0.110	6839988	87
0.115	2570220	41
0.120	2208891	32
0.125	1526049	28

Last trade - 16.10pm 27/09/2024 (20 minute delay)

CXO (ASX) Chart

Banter and general comments, page-37456

ACCC seeks Olam divestments before it can buy Namoi Cotton

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Banter and general comments, page-37456

Top Stories

ACCC seeks Olam divestments before it can buy Namoi Cotton

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News