My discussion with CXM indicated the focus was finance and not much else. Good news that the appointment of the new secretary is adding support here. With this focus there was no one focussing on the sale of already mined product. Also no plans to commission the existing mining equipment for the staged production and early cash flow, as the focus was pushing for full capacity. FInance for total production, somewhere around $160-$180m. Also mentioned no current offtakes in place as significant offtake discussions could not gain traction (or further traction) without being in production. Also discussed was the existing contract with IPL, as we know they have first right to first 20% of production, this is not linked in anyway to spot prices and details of this were confidential. I did hold, but sold after discussion, felt CXM was to early for my investment strategy. GLTASH.
DYOR & only my opinion.
Cheers,
GS
My discussion with CXM indicated the focus was finance and not...
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Last
5.3¢ |
Change
-0.002(2.75%) |
Mkt cap ! $45.42M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.1¢ | $13.15K | 250.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 192855 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.002 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.3¢ | 5.1¢ | 74687 | ||
| Last updated 15.51pm 03/05/2024 ? | |||||
| CXM (ASX) Chart |