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.
It's not a bad strategy once mines are all producing, the...
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 9.0¢ | $920.3K | 10.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 803609 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 24465 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |