30 cents makes it a 450 million market cap with 250 million in cash and 150 million in net profit after tax in production. 39 cents your giving away free money, 36 cents the company is less than its assets, 30 cents the stock market will be broken but again easy money. LRS, AZS are 6 years away from ramping up anything and are 1 billion market cap that’s how cheap CXO is especially that BP33 is an underground mine just like LTR with a 30 Mt resource and being already built.
Intrinsic value based off peer to peer comparison to other lithium producers right now puts CXO at a 70 cents share price only reason it’s here is because there is a SPP which yesterday the amount of shares coming is what got traded and the shares all held by long term holders stupidity. SPP ends next week.
Ann: Development Projects Update - BP33 and Carlton, page-69
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 618024 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 285600 | 4 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |