Just read today's announcement properly, it's exciting. Today SP performance was a little depressing on a good progress report. We obviously got dragged down by LKE. Their board got a shake up, the chief left and sold his 10m shares in the company. The new team got the middle finger, taking many shareholders down with them.
The CXO mine site looks fantastic, the overburden seem to be already stripped, once the plant is up, the digging can start immediately. Not really worried about the SP as it will correct itself and be alot higher. Any fall will be great for a top up. Tesla is a customer and the government wants a chemical plant, what's there to worry. It's going forward and good profit to come in. All those new tenements with pegmatites will surely add many more years, longer than many here will be around. If the Chinese mess us about, Tesla and others from Europe and North America will take our product. It's also good to see some of the old lithium posters around, it validate CXO as a quality company. It's game over for ICEs, VW and many others will only produce hybrid or full EVs by 2025 they've changed tools. Not enough mines will come online in three years. If you don't overstretch and panic sell, calmly buy when SP is down you will do very well over the next few months and years. Don't go by those oversupply reports, there are more buyers of lithium chemicals than before. The Chinese will be up the creek without supply if they BS like a few years ago, many people want EVs now. All those battery gigafactories are going to need lithium chemicals, won't be coming from thin air.
- Forums
- ASX - By Stock
- CXO
- Banter and general comments
Banter and general comments, page-11842
-
- There are more pages in this discussion • 27,060 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online