Great announcement fellas, all systems go from here. I'm sure Goldmans Sachs will come up with another dump valuation. Last one is below, I see we are working to address these anyway.
1. Valuation pricing estimate US$1.5K vs $4K Actual.
2. Resource upside... well $23M drilling program has just started. Based on last 3 years trend we can easily add 15MT to overall base of 25MT giving us 40-50MT by end of 2023.
3. Production risk...really read today's announcement. All going well and ahead of schedule.
I rate CXO as Strong Buy with price target of $2.00 by end of June 2023.
Ann: Maiden Spodumene Concentrate Shipment Ready for Export, page-48
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Mkt cap ! $320.5M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $607.2K | 4.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 2795751 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 15.5¢ | 1296310 | 35 |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 15.3¢ | 15.5¢ | 15.0¢ | 1296057 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| CXO (ASX) Chart |