Am seeing some unhappiness with the AFR reported figures. If they are accurate, our SP should be at 0.335 tomorrow valuing CXO as on Friday.
345million market cap as at Friday, with additional 30million cash means valuation is at 375million all things considered.
375million / 1.12bill expected shares = 0.335
Price of placement only affects cash gained from the placement, the overall impact on SP by itself is minimal.
Funds also allow us to have essentially zero risk to producing lithium. Think this is a positive.
Feel free to correct.
Am seeing some unhappiness with the AFR reported figures. If...
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Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $203.0M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.0¢ | 9.4¢ | $1.266M | 13.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1264445 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 600000 | 2 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |