Ann: Quarterly Activities and Cashflow Report 31 March 2020, page-21

Well, to not enter red territory on a day where both the asx 200 and all ords dropped 5% is a pretty good trading day if you ask me.

i think Cxo has definitely re-rated a little since the MMP approval. We seem to now be able to stand on our own 2 feet a little bit, as opposed to being at the mercy of the sector/market and/or riding the coattails of others.

Like Cxo tweeted yesterday, we are up about 200% over the last few months. This is off our own bat as much of the rest of the market is down. Which hopefully means when the market rallies again, we too will probably get swept up and rally with it, hopefully going to levels the SP hasn’t seen for a while.

Yet we also have a few catalysts of our own on the way. Updated feasibility study to be here within 8 weeks. And looking at that interview with SB and Andrew from cannings purple (our investor relations and media and broker contact) he seems to hint on a few occasions that minerals resource update(s) will be here “soon.” Will we see each deposit released singularly, or the one big update?

I think the latest Yahua development could potentially be very good news for us. I wouldn’t be surprised if they look to increase their offtake amount again. They are going to need plenty more lithium.

interest in CXO’s product accelerated since MMP approval. I wouldn’t be surprised if we see another offtake just before or just after the feasibility study.

IMO

GLTAH