CXO 3.57% 14.5¢ core lithium ltd

While I think this move is prudent for our long term future and...

  1. 2,167 Posts.
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    While I think this move is prudent for our long term future and is the correct one given we have huge amounts of stockpiled ROM just sitting there for the wet season (which is about now funnily enough and we lucked into this with almost perfect timing) one has to admit it's been one hell of a tough year for holders and the performance of the company and the board has been less than stellar.

    Next year really needs to be better for the sake of everyone.

    Still, lets take comfort in the fact however we are still making profit and we are sitting on both huge cash reserves and huge LOM stockpiles in preparation for the Wet season to get us through the lull of the next few months.

    My pick is the Spodumene market will probably be up to a lot of lower sideways action like it normally is prior to Chinese New Year and then once the world's workshop is back to work again we will likely see big stockpile orders coming in again (aided by falling interest rates across most of the world after a few years of the Post-Covid stimulus hangover).

    Not the end of the world but truthfully, I'm disappointed we need to tap the breaks here as it was looking like we would finally shake the fleas off our back.
 
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
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