This to me is a great demonstration of those investment bank dudes behaves, I would describe them as 'STUPID', in the perspective of how they knew nothing, but manipulate the numbers and hence SP fluctuation.
They under-estimate the real world, while over-estimated themselves, in other word, their value to this world is a poor 'ZERO'.
CXO needs go through these stage as any other miners would need to, with income start to rolling, it will need to improve the recovery and reduce the cost, which is well established in the report.
One thing if anyone could help as I may missed it, what is the sales price for the spodumene concentrate?.
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-80
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Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $1.667M | 17.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 103492 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 453248 | 10 |
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| Last trade - 11.53am 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |