raising at what SP lol? raise another $800K?

First 72 Last

Share
Profile

Follow
Corgi

2,337 Posts.

1793

20/12/23

10:33

Post #: 71543268
Share

Originally posted by Scarpa: ↑

All explorers start like this. You should invest in blue chips. I'll name a few for you - LTR, FMG, PLS.
Yes, in the early days they will need to raise to explore - it is what explorers do. Most explorers fail because 1 in 100 ever makes it from exploration to mining, because the critical part is finding a resource which only the drill bit decides.

Turning to these results, they are actually a good start and been first initial drills that is what will draw attention here if the grade remains good. Very few companies find something that is decent in the first drill - CHN and WA1 come to mind as exceptions.

So yes they will get capital to further drill. I also suspect before they raise they will wait for the assays. If the assays are good, you don't need to worry they will be able to get funds and moreso I suspect at an ok price. I think I will have punt here myself.

I guess we can revisit this post end January to see who was closer to the mark.

If the assays confirm what they think is there then I am certain in my mind this will be trading above what it is now. Obviously a lot lot lot more drilling required to define a resource and then see if it is commercial to mine. The only thing I will agree with you at this stage is that anyone on here talking mining the resource in the now doesn't know much.

However, to your point, if those assays are good, they will be raising, and will have no issues, and that will not be an issue. It is how explores start.

All IMO

Expand

raising at what SP lol? raise another $800K?

CPO Price at posting: 3.5¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

FHE

Frontier Energy achieves key milestone for Waroona energy project

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

TLG

Talga to form joint venture with lithium producer SQM to develop Sweden's Aero project

There are more pages in this discussion • 150 more messages in this thread...

First 72 Last

Add CPO (ASX) to my watchlist

(20min delay)
Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $7.276M

Open	High	Low	Value	Volume
4.4¢	4.5¢	4.4¢	$54.92K	1.247M

Buyers (Bids)

No.	Vol.	Price($)
1	15299	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	116209	1

View Market Depth

No.	Vol.	Price($)
1	15299	0.044
2	177356	0.043
2	319046	0.042
2	155539	0.040
1	142000	0.039

Price($)	Vol.	No.
0.045	116209	1
0.046	357546	4
0.048	21249	1
0.049	160000	1
0.050	218200	2

Last trade - 13.36pm 21/06/2024 (20 minute delay)

CPO (ASX) Chart

raising at what SP lol? raise another $800K?

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Talga to form joint venture with lithium producer SQM to develop Sweden's Aero project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

raising at what SP lol? raise another $800K?

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Talga to form joint venture with lithium producer SQM to develop Sweden's Aero project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News