some good points there Wenty, however, I don’t reckon today’s sell off was traders closing positions. I reckon it was just weak holders selling into the buy as is usual for CXO. When you posted at 10.11 regarding the open and the possibility of hitting 10 cents again, there was 1.2 million traded to get to 9.5 with an additional 1.3 in the sell side to 10 cents. The price climbed to 9.7 and then traded lower all day with approx 14 million more shares sold and we finish at 9.1.
I don’t see long hair getting a binding off take with any majors. I don’t reckon we’ll have FID until late 2021 early 2022 and then I don’t reckon the interest rates will be good.
long hair keeps talking up that we’ll be the next lithium producer in Australia? I don’t reckon we will be.
come next March, LTR will be admitted to the ASX 300 and with that will come investments from super funds. Don’t have approval? It won’t take long for the WA government to provide the necessary licences to commence mining.
CXO have gone back to being explorers and they should go for more gold as that is where they will get the necessary financial backing if they can find something more than a couple of people with metal detectors could find.
all of the above is my own opinion of where this company currently sits. We’re all allowed our own opinions. This is not financial advise.
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