Ann: High Quality Spodumene in First Drill Core at Finniss-CXO.AX, page-48

I would tend to agree here. Share price going down on very good announcement, no logical reasons.
Logic 1:
So was the share over-priced yesterday based on anticipated good announcement and now the announcement is not as good?? (hardly thinks this is the case). the announcement could not have been better than anyone would have expected based on drill results to date AND the CXO board once again very bullish on the annoucement and what they are doing with the results. But it is still being sold down. So conclusion not a logical explanation...

Logic 2:
The SPP is not closed. This always have an influence whether you like it or not. The instos are accumulating still, capping the price and not worried about ASIC as they can always say it still above 9c cap raise so no harm no foul. Volume is average today as yesterday. no panic selling - just capping SP and shaking the tree on some nervous nellies and traders taking positions they might not be able to cover.

Wait and see where price goes after Friday. will be truer SP and if it doesn't shoot up, it will if good news keep on coming. Market forces will be at play and no one can stop it then. But we are at their mercy so just wait for now...

You haven't made a loss or profit unless you sell. Cut your losses early if you want and sell to the instos so they can laugh later. Book a profit if you want (but miss out on 12 months discount etc. and getting back in again)

We are all speculating that CXO holds commercial reserves, nothing so far suggest they don't and the goods news is confirming each day that we are one step closer and this is even with Zola and Ringwood yet to be drilled!! so much upside........ what more can any speculator want !!!

Management are top notch! and they are like kids in a candy store - cant wait to drill targets as quick as they can. Why? so they can burn cash for nothing? they want to prove up reserves and go to production or get taken over.....this is because they clearly have a very good idea of what they have sitting in the rocks - rushing to to drill....drill and drill some more!!