CXO 4.17% 11.5¢ core lithium ltd

hi Brumbies, One of my friends worked in M&A & investment deals...

  1. 163 Posts.
    lightbulb Created with Sketch. 33
    hi Brumbies,
    One of my friends worked in M&A & investment deals for China/HK, in several occasions mentioned the standard small investment is Aud$ 50 million, more generally is $100 + million (disclosure: we were discuss Australia economy, would Asian investors/ traders speculate in ASX)
    Our placement raise was therefore peanuts (but a lot $ to many of us)
    The ‘divorce’ fee for Meidu/ Ruifu Is relatively cheap according to some analysts.
    Meidu/ Ruifu may have the money to invest.. My concern are (1) While they are busy internally, are they willing to burn a candle on both ends (time, effort and attention). Meidu/ Ruifu may have been dragging us along all these time. (2) Those articles mentioned that the cause of ‘divorce’ is the actual annual production is way below the promised target (no explanation of the reason).. something doesn’t sound right but I don’t want to speculate on what is it.... The two above are my rationale behind my preference to steer away from them

 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
-0.005(4.17%)
Mkt cap ! $251.8M
Open High Low Value Volume
11.5¢ 12.0¢ 11.3¢ $795.8K 6.898M

Buyers (Bids)

No. Vol. Price($)
32 2534832 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 2916975 33
View Market Depth
Last trade - 15.08pm 04/10/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.