CXO 0.00% 11.0¢ core lithium ltd

2017 Drilling, page-64

  1. 7,494 Posts.
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    I personally can't see a huge amount of selling for capital loss happening here. If anyone's held for several months, as I have, it seems most likely they'd rather hang on now for some new drilling results in the near future. And anyone in longer is probably in front anyway. Looking at the board gives the impression that no one wants in but I'm sure there are plenty itching to buy in or buy more but resisting the temptation for fear that the SP will fall lower. The 1.2M buy order at 6c tells its own story. Earlier it was at 6.5c but, probably sensibly, the owner moved it back in anticipation of others selling lower - but s/he wants them, don't worry about that. To the sellers I'd say this: 'There are plenty of 'unseen' people wanting your shares. They're just hiding in the shadows hoping you'll be fearful enough to give them up cheaply. Don't give a good thing away, possibly just a few weeks away from a serious re-rate.'
 
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Mkt cap ! $235.7M
Open High Low Value Volume
11.0¢ 11.5¢ 11.0¢ $217.6K 1.965M

Buyers (Bids)

No. Vol. Price($)
71 8095002 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 2120356 12
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