Hi @Mining8, one of the biggest drawbacks with CXO is the loose register. Fully diluted SOI at about 500M and the T20 only holds about 20% at last glance.
On the + side, the August options are 'in the money' and considering Hartleys brokered the CR, they'll want a decent return. IMO, they gave an indication in their May Research Report of where they want the SP.
Unless Ringwood and Zola are complete duds, I think 12 - 15c isn't out of the question in the coming months.
Announcement was about Ringwood;Not Zola!, page-11
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Last
9.3¢ |
Change
-0.001(1.06%) |
Mkt cap ! $199.8M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.6¢ | 9.3¢ | $531.7K | 5.668M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 2136966 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 121526 | 6 |
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| Last trade - 11.13am 02/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |