As I previously mentioned when CXO sells for 15c a share it’s care and maintenance mode for the assets.
This is the classic NT playbook for cowboy outfits whose business model is predicated on bourse gambling by those who don’t know.
This is no different to Compass Resources and their Browns Oxide deposit which relieved many investors of their gambles on that badly conceived project.
I call this the Gordon Toll model, and it’s a proven business model for any aspiring junior miner.
15c is Care and Maintenance Territory.
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $214.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $1.248M | 12.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 224 | 11947146 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1184525 | 11 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |