understand your frustration FLbloke, couple of points....(1) momentum returning to Li sector, (2) CXO is trading above 100 day MA and 50 day MA will shortly cross over 100 day MA (3) shorts will be less comfortable above $1.45 (+7% shorted), (4) cash flow post production will get a PE re-rating, (5) dividends or reinvestment in LiOH facility will again re-rate PE up in 2024.
Investing successfully is a multi-year game, the fundamental shortage of Li won't balance until 2030 so unless (1) wait list for EV's goes away (unlikely) or (2) Elon finds another way to mass produce EV batteries without Li, then CXO is currently the best place, non-producer.
Patience....we will be rewarded in due course.
GLTA and DYOR
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understand your frustration FLbloke, couple of points....(1)...
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Last
9.7¢ |
Change
0.006(6.59%) |
Mkt cap ! $207.2M |
Open | High | Low | Value | Volume |
9.1¢ | 9.8¢ | 9.1¢ | $1.680M | 17.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 228125 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 335231 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 178125 | 0.096 |
10 | 639180 | 0.095 |
3 | 350000 | 0.094 |
10 | 710102 | 0.093 |
5 | 764739 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 270231 | 3 |
0.098 | 952528 | 9 |
0.099 | 438600 | 5 |
0.100 | 880631 | 14 |
0.105 | 1179377 | 17 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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