It's not a bad strategy once mines are all producing, the problem is one of approvals, construction, and ramping up to get to that point. Expecting lower production in FY2025 is a serious failure of planning imo.
SP is going nowhere near $2 any time soon. If it's going to edge back above $1 it will be down to drilling results, LOM news, and some favourable macro conditions. Or else a major cataclysmic event such as a TO of CXO or a peer.
This report has doomed the SP for the long term. Shorts will only be encouraged. CXO is a carcass with plenty of meat on it.
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-73
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Last
9.4¢ |
Change
-0.003(3.09%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.4¢ | $1.562M | 16.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1063679 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 6888 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |