When CXM was close to mining last time (14 months ago) the market capitalisation was circa 40 million. The share price stabilised at this price waiting in anticipation for mining to commence. Mining did not commence and the covid crash happened.
By my thinking, CXM is now better positioned than ever. We are mining, the metrics are potentially mind blowing and the macro factors for our premium product are moving onwards and upwards.
My belief is that the share price will hit 11 cents per share over the ensuing weeks to reflect market sentiment and a more realistic valuation for the company. The company is in its best position ever.
Right now, l will continue to accumulate. Happy days.
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CXM (ASX) Chart |
Day chart unavailable