CXO 13.6% 10.0¢ core lithium ltd

Ann: Maiden Mineral Resource at Carlton Grows Finniss to 7.1Mt, page-12

  1. 871 Posts.
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    The fall in CXO SP has nothing to do with the positive Ann.


    IF CXO can maintain a consistant grade of >5.5% to production and shipment to it's O/T partners then you know you have a quality product. The bear market for Li this year caused by mainly 1 report by Morgan Stanley must change and i can see it changing towards end of 2019/early 2020 which is when most spec players become producers. The questions remain: of all the new producers coming on line by late 2019 / early 2020, will there be a shortage or will the oversupply fear remain.. The consistent media on EV's and batteries, is only just beginning to ramp up.


    All Li stocks are being heavily sold into and or manipulated.


    DOW for 2 straight consecutive days is down over 500 basis points.


    Watch Thursdays action as this from an overall sense will show everyone where 2019 overall market sentiment will be heading. Fed Reserve to release its forecast on rate rises for 2019. If the forecasts breaches 2 rate rises then you know (possibly) the markets will react negatively since most have only factored in max 2.


    Apologies for going on a sideways commentary.. Overall, and as stated above, if CXO can maintain its average grading of >5,5% Li into 2019 when they anticipate to produce and ship, ironically, they may have timed this perfectly.


    Until then, the market is testing everyone. You either believe in the stock and the company fundamentals and if both are strong then hold and continue to average down (if you can) until the major re-rating occurs.


    GLTA 

 
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Last
10.0¢
Change
0.012(13.6%)
Mkt cap ! $213.6M
Open High Low Value Volume
8.8¢ 10.5¢ 8.8¢ $3.413M 34.89M

Buyers (Bids)

No. Vol. Price($)
12 1613594 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 5907724 76
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