The problem now is the SC6 price is too low and FCF is negative. The management have no choice but to suspend operations, preserve cash and wait for the infamous day when the SC6 price starts to rise again. Fortunately CXO has no debt and so they may be able to wait out the storm but their lifespan is determined by how long they have to wait for the price to recover. Too long and they will be whistling dixie.
Ann: Strategic Review Update, page-184
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |