cheers for the analysis Kiwi. Was curious to see what other...

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2 Posts.

18/01/22

09:35

Post #: 58935951
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Originally posted by Kiwisfly9: ↑

I actually have the same exact feelings (although to be honest, I low key kick myself for not having a punt on it when it was down in the 20 cent range).

But ultimately, Charger have more or less acquired the leftovers of what we didn't take and have a share price which is in many respects floating on little more than hype that they'll be a takeover target.

They have done no drilling at Finniss and none elsewhere that I'm aware of in my cursory glance. In fact, yesterday's release was riddled with our bloody drill results on our privately owned tenement which was "quoted" in their release to try and give themselves more legitimacy. Many of their holders are acting like it's a certainty that they will either find the motherlode (despite having not yet sunk a single drill hole down to actually see what's really there) or that they are a surefire take-over target for us to pick up with a hefty premium.

Frankly, I feel that's stupid as if they don't find enough for us or anyone else to warrant an acquisition, their SP is going to plummet through the floorboards, they are a minimum of 5 but likely closer to 10 years away from having an actual mine happening if they go it alone. Even if they do happen to find a decent amount of lithium at Finniss, they are going to have to heavily dilute the share value in order to actually conduct the exploration to get themselves to the point of being a worthwhile acquisition (massive money and a significant amount of time) and given the entry cost of a mine site for such a small tenement, the economics of their project may not resemble the very good looking ones of ours.

Also to be really honest, I'm also starting to get sick of randoms appearing trying to cross-promote their crappy stock picks hoping to attract business to their own projects which will take yet again, a bucketload of dilution to raise the likely required capital and many many years of risk and hard work before IF they are viable, they can hope to turn a profit.

We on the other hand are already under construction and will be cash positive within months of production starting, if you count paying back the money we spent at FID on the construction and commissioning of the mine (back into our own pockets).

I know I am feeling a lot happier parked here than there, that's for sure. Only one of us has a shored up reserve and hundreds of identified pegmatite outcrops, plus an actual working project to back up the SP.

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cheers for the analysis Kiwi. Was curious to see what other people thought. And your thoughts are always worth a read.

cheers

CXO Price at posting: 88.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $331.2M

Open	High	Low	Value	Volume
15.5¢	15.8¢	15.3¢	$363.5K	2.344M

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No.	Vol.	Price($)
100	5050372	15.0¢

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Price($)	Vol.	No.
15.5¢	1122883	33

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No.	Vol.	Price($)
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79	5138455	0.145
91	4177977	0.140
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Price($)	Vol.	No.
0.155	1054350	29
0.160	2119612	40
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0.170	3119446	58
0.175	1337079	29

Last trade - 10.37am 21/05/2024 (20 minute delay)


Last 15.3¢		Change 0.000 ( 3.11 %)
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cheers for the analysis Kiwi. Was curious to see what other...

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