CXO 13.6% 10.0¢ core lithium ltd

Ann: New Wide Spodumene Pegmatite at Carlton, page-38

  1. 7,446 Posts.
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    And a new bod appears with a 400,000 sell order at 3.8c. The endless number of sellers we produce set me thinking: If someone had had very deep pockets and bought all the sub-4c stock for sale each day for the last, say, 100 trading days, it's likely s/he could have bought at least 2M shares a day. That's 200M shares or almost a third of the company. So perhaps we may conclude that at least a third (considering many are small holders) of our shareholders would be happy with a share buy-back at 4c. That doesn't say much for the strength of our register or confidence in the company's future, does it?

    P.S. I agree with what was said before. Anyone going to the meeting, please let management know we are not happy with their lack of updates.
    Last edited by seaemay: 27/11/19
 
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