CXO 4.35% 12.0¢ core lithium ltd

While they still have cash and are actively exploring, this...

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  1. 70 Posts.
    lightbulb Created with Sketch. 34
    While they still have cash and are actively exploring, this doesn't read well:

    "The Group generated revenue ... of $189.5 million from sale of multiple spodumene concentrate and lithiumfines shipments.

    The Group incurred a net loss after tax of $207.0 million,including non-cash impairment of $119.6 million and onerous contractprovision of $25.2 million."

    So stopping operations cost at least $145 mill in the Profit and Loss in the year : (

    I don't think good exploration results will swing it, going to have to hold tight for the Lithium price recovery. That may well be 2-3 years away, per other pundits.
 
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