I'm glad the hype and manipulation has mostly gone out of the lithium sector, and projects with real potential are being rewarded.
I look at the likes of BGS, which I was briefly in (for a bit of a flutter) but sold out at a very small loss after doing a lot more research (has tanked from when I sold at 33c, to 20c and now stalled totally at 20c for a month - likely a TON 2.0, and I worry about existing holders). It spiked to nearly $200m at one stage. I asked myself this question though. Yes, they have a huge confirmed resource, but it's 1400km from the nearest seaport in the middle of a war torn diseased part of Africa (sorry, sad but true). How on earth is that resource ever going to be mined?
Then I look at what we have. Already what looks like at least a 10Y LOM, less than half an hour on cruise control from Darwin, great grades, funding pretty much sorted, no issues with sovereign risk, and very likely to be mining in 2019.
What gets me is the market seems seriously asleep at the wheel where CXO are concerned. < $40m MC. This is an absolute bargain at these prices considering where we're at.
Hence I hold over 1 million shares, and would dearly love to hold more.
I am expecting a PLS style rise once our reserves and finance are confirmed.
I want to ride a train like that again, and I think we have the right driver to do so.
Have a good week fellow holders.
- Forums
- ASX - By Stock
- CXO
- Ann: Maiden Sandras Mineral Resource Grows Finniss to 6.3Mt
Ann: Maiden Sandras Mineral Resource Grows Finniss to 6.3Mt, page-166
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add CXO (ASX) to my watchlist
|
|||||
Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M |
Open | High | Low | Value | Volume |
10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 374502 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3715512 | 56 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 374502 | 0.110 |
38 | 5756474 | 0.105 |
81 | 6496362 | 0.100 |
6 | 1224070 | 0.099 |
8 | 362908 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 3605512 | 54 |
0.120 | 3289174 | 42 |
0.125 | 899974 | 18 |
0.130 | 783906 | 18 |
0.135 | 942802 | 15 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |