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.
Hi @Mining8, one of the biggest drawbacks with CXO is the loose...
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