Banter and general comments, page-10166

If cash is king, we're on the right train:
-No debt = Less expenses = Cash
-Low CAPEX = Less cash burn = Cash
- Close proximity to Darwin Port = Lower transport and freight costs relative to peers = Cash
-Millions in the kitty to expand exploration and production. = Agile and able to fast track progress compared to peers / also gives us the ability to make strategic acquisitions to grow business (looking forward to updates re. hydroxide plant) = Cash
-About to be one of the first to the party producing a resource with a growing shortfall in supply = Cash
-In 2021, Finnis Project acknowledged with "Major Project Status" by the Australian Government = Government encouragement/support with fast tracking progress of project = Cash
-Prudent, experienced and highly regarded management team = Preservation of cash/ cash deployed in the right places = Cash
-Recently entered ASX 300 and knocking on the door of ASX 200 = Access to investment $ from Superfunds and ETFs = Cash
-Binding term sheet signed to produce Spod for Tesla = Partnership with global market leader = Cash

Looks to me that all roads lead to cash with CXO if one has the patience to ride out the bumps.

For those new to the forum or investing it is interesting to note that GXY, now AKE after merge with ORE, was trading between 0.70c and $1.20 prior to production. Shorters had a field day with the stock in the lead up to production and it went from one of the most shorted stocks to market darling very, very quickly (From $0.70 to $5.50). Some made the mistake of taking relatively small profits once price recovered from $0.70 to $1.20 only to miss out on the large gains once the production news flow was released. Those that thought there would be some large pullbacks and an opportunity to reenter at a lower price were disappointed and would not have enjoyed watching the price jump from 1.20 to $2 to $3 to $4 to $5. Not saying it will play out exactly the same, but it does help give perspective of longer term picture and value when blips occur and you make the mistake of trying to time the up and downs. I am grateful for this lesson and as a result have been adding to CXO holding since first purchase early last year.

The project continues to be derisked showing that it has the potential to generate strong cash flows, margins and returns for patient shareholders.

IMHO DYOR.

FYI - This ANZAC day marks the 80th Anniversary of Darwin Bombing (19/2/42).

Lest we forget.
Sincere thanks and respect to Australian Servicemen and Servicewomen.