cxo made $100m free cashflow this qtr, if we annualise that then they are trading at less than 4 times free cashflow.
The sales and price of lithium are both going to be better in the following qtrs so the valuation is even better.
I bought a 2nd parcel at 76c and will buy a 3rd if it goes to 66c or below. Hopefully it does so I can load up more
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-197
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Last
8.6¢ |
Change
-0.005(5.49%) |
Mkt cap ! $183.7M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.3¢ | 8.6¢ | $1.051M | 11.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 740765 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 29424 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |