This is my concern and why I sold down yesterday. From what I understand that is likely to be the case. Obviously my fault that I did not understand that Grants had only 2-3 years worth of ore. That combined with the fact that FID for BP33 is not even done yet points to a risk that yes they may run out of ore before BP33 gets going. If that's the case then CXO is in big trouble. For me it's a small LT holding now but I may come back in once it's clearer that BP33 is a go and is a good ore body.
Still a Li bull so I have moved to PLS which was also down yesterday to see if I can recover my losses from CXO. DYOR!!!
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-207
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Last
9.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.4¢ | 9.2¢ | $324.1K | 3.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1310595 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 69687 | 5 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |