Russia has been a major supplier of one of the materials to manufacture microchips.
This is now another issue for the motor vehicle industry and CXZ.
The other issue for CXZ is the cost/retaining technical people - they change positions like the wind (offer more and they are gone) CXZ does not have the firepower (cash) to pay for top range techno's
So we have now got a company in limbo. An excellent contract with GM, but basically a revenue source to keep the company alive. The traditional car industry is now undergoing massive change.
Maybe an opportune time to bite the bullet and do massive share consolidation/raise capital and find a new techno/or alternative business model.
Just may CXZ has reached the end of the line in its current form and structure
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Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $24.66M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $6.538K | 225.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2546808 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 1532935 | 4 |
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| Last trade - 13.06pm 11/10/2024 (20 minute delay) ? |
| CXZ (ASX) Chart |