CXO 4.17% 11.5¢ core lithium ltd

Ann: Trading Halt, page-37

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  1. 5,635 Posts.
    lightbulb Created with Sketch. 2471
    i would say there will be a CR at some stage. We will need working capital to get the ball rolling. Off takers should fund the plant. Hartlys will likely take up there options in June? at 8 cents - SP probably 12 cents or more. That will pay LTR for Lees/Booths. When Harlys dump another chance to top u p.
    Hopefully retail holders get a go at the CR.
    Likely no divs for several years. Offtakers will need to be repaid and we may set up a Hydroxide plant in the industrial district of the Port. This will multiply profits.
    So we will just have to put up with Capital gains for a good while. At least owning the shares now avoids Cap gains increases tax
    when Labor makes the changes.
    I am getting ahead of myself but this baby will roll - no 2 ways about it. There will of course by the odd hiccup on the way but nothing a good burp won't fix.
 
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