It is not a Lynch mob. Shareholders are voicing their opinions as that's their right. Management should not disregard criticism and should act on constructive criticisms in order to strive for a culture of continuous improvement.
CXO has the potential of being a blue chip share with the kind of resources it has in the leases it possesses. It has the backing of the NT Government and that is a plus. It has all the fundamentals which can make it a major player in the mining industry. Having said that, it needs a dynamic management team to propel it forward. If management gets it act together it will be a huge risk for the likes of SS and the other clowns to play yoyo with this company. Bearing in mind that retail shareholders are the base of the this company and hence there may be individuals who are disturbed by the share prices and as it is happening so frequently they are tempted to sell when the price falls below their purchase price. It is fine for those who average single digit cents or even below 50 cents. Think of those who bought at the push where it hit the $1.80s.
Management can do betting in its communication and the man at the helm should get his act together and do what he is paid to do so. I do not think that we should get our information from a few shareholders who do their best to meet the the deficiency of management by giving timely up to date information of the progress.
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Last
10.3¢ |
Change
0.003(2.50%) |
Mkt cap ! $224.3M |
Open | High | Low | Value | Volume |
9.8¢ | 10.8¢ | 9.6¢ | $751.6K | 7.432M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 2078735 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1544991 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 2078735 | 0.100 |
9 | 527429 | 0.099 |
8 | 402850 | 0.098 |
15 | 1046930 | 0.097 |
11 | 362375 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1544991 | 29 |
0.110 | 1808928 | 31 |
0.115 | 2871123 | 20 |
0.120 | 2355168 | 34 |
0.125 | 2301229 | 37 |
Last trade - 12.41pm 19/07/2024 (20 minute delay) ? |
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