CXO 8.89% 9.8¢ core lithium ltd

Ann: High Quality Spodumene in First Drill Core at Finniss-CXO.AX, page-155

  1. 9,220 Posts.
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    I hope you don't have to pay over 10 cents to reenter. Let's think about the timing.

    Tomorrow should see a placement at 9 cents hit the market and current share price is 8.5 cents. This creates an arbitrage opportunity for the lucky few.

    Hartley's have barely sold when the SP dipped below 9 cents and may have soaked a lot of volume from nervous nellies.

    I am sure management will want to see the SP above 9 cents following the placement. Expect some juicy news. Management only need to release extensions to existing finds and the SP is well north of 10 cents. Add a few more diamond drilling rigs (1 at BP33 and 2 at Grants) and this will set the share price north.

    Future drilling programs are imminent. I suspect 0.5 cents will be closed on the open with plenty of upside. Let's bring on tomorrow.
    Last edited by prosperity: 02/11/16
 
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