CXO 3.41% 8.5¢ core lithium ltd

ABSOLUTELY DaBug... it is embarassing to wade through so much...

  1. 1,522 Posts.
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    ABSOLUTELY DaBug... it is embarassing to wade through so much dribble from daytraders here... while we are on the winner here with the best position, best prospects and the most intelligent Management with impressive Stephen Biggins at helm...
    just keep and eye on the Big Picture... as commented elsewhere by experienced analyst Reuben Adams (I only hold - but the best - CXO):

    "Last week, ASX lithium stocks went gangbusters.

    The groundwork was laid by a perfect storm of increasingly aggressive EV targets, rising raw material prices, and the growing sense there isn’t enough supply to go around.

    Lithium shortages were supposed to start kicking in around 2023-2024, but you would swear the deficit is happening right now...

    Two things happened last week to kick this investor FOMO up a gear.

    One, miner Pilbara Minerals (ASXLS) set the lithium sector alight with its announcement that the first auction of spodumene — a lithium precursor — had gone off at an amazing $US1,250t.

    That’s well above prevailing market price, and streets ahead of the ~$US380/t spod producers were accepting last year.

    US President Biden then outlined an ambitious target for half of all new vehicles sold in the US in 2030 to be zero-emissions vehicles – including battery electric, plug-in hybrid electric, or fuel cell electric vehicles.

    By setting clear targets for EV sales, the world’s #1 economy is hoping to become a magnet for private investment into its manufacturing sector – and get back in the lead on clean cars and trucks.

    Biden is backed by automakers Ford, GM, Stellantis and BMW. Ford, Honda, Volkswagen and Volvo have all released targets of 40-50% EV sales share by 2030.

    There was a rush to the doors for lithium stock exposure. Well over 90% of the stocks on our list finished in the green.


    https://hotcopper.com.au/data/attachments/3448/3448328-bf3bb53dc144a1eb3324ec4dd8796de5.jpg

    CHR)

    One of the ASX’s newest lithium and base metals plays made news when New York-based fund manager Lind Partners took a substantial 7.34% stake.

    In late July, Charger uncovered a new lithium target at the Lake Johnston Project in WA. The company plans to fast track targeting work “to allow drilling to be undertaken at the earliest possible time”.

    It also has a lithium-gold project called ‘Bynoe’ in the Northern Territory, surrounded by tenements owned by advanced project developer Core Lithium (ASX:CXO).

    GLTALTH

 
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Last
8.5¢
Change
-0.003(3.41%)
Mkt cap ! $181.6M
Open High Low Value Volume
8.7¢ 9.0¢ 8.5¢ $841.7K 9.702M

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No. Vol. Price($)
12 1089881 8.5¢
 

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Price($) Vol. No.
8.6¢ 316745 2
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Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
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