Those disappointed can sell and move on, It's very easy.
If you don't hold CXO, you're wasting your time posting. Go live and enjoy.
Many have overreacted. If the company did a CR at 1.60, it would have been at a discount say 1.50. You do the maths, around 35m extra shares for $100m is really what people are upset about??? The SP would go down anyway, just like the other lithium companies currently from their recent high. Add to this, GF selling their shares. The CR is to improve the business, SH over 12 moths are in green over 100%. GF(200%) is public proof. As a producer with an increased in resource, Pretty sure CXO will not be under $2b in 6- 12 months. Add a Tesla deal, larger deposit, increase production/sales, converter, you get the picture. You can be dictated by SP, HC opinions and short selling or think and set yourself up for wealth.
Those disappointed can sell and move on, It's very easy.If you...
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Last
9.3¢ |
Change
0.001(1.09%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.6¢ | 9.3¢ | $523.5K | 5.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1819956 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 853764 | 20 |
View Market Depth
| Last trade - 15.06pm 16/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |