when i got into CXO I worked on the basis of 140mil revenue per ann. that was a very min price. I checked it many times as i couldn't understand at the time why our SP was 4c. I was petty good at maths a school but with old age.... did it again and again. product produced per year X the the prices paid for those goods... easy enough maths...
this was based only on lithium price not our other asessts. I could see 175-180 mil too, so at 40cent SP it was correct minium reflection.
The company was ready to mature as a company, life cycle in miners can be 8-12 years to achieve that. we are ready now, as we were 6 months ago, no need to delay.
But now i see a suppressed SP, and a few misleading annoucement and while have faith in CXO outcomes to become a much much bigger miner in many areas not just lithium it does leave an unsettling feel in my guts.
lets hope many see a 'true' reflection of value with this aquistion. I expected something next year after we started producing product for sale.
spread the vibes of fast good returns to us all soon and the statement of Biggs saying we are a 10x company...valuing us at $1.50 happens before end of this year.
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9 | 377637 | 0.099 |
8 | 310800 | 0.098 |
15 | 1131892 | 0.097 |
10 | 908805 | 0.096 |
Price($) | Vol. | No. |
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