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9.09%

12.0¢ core lithium ltd

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Stu360

1,299 Posts.

2764

16/10/22

17:04

Post #: 64223148
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Originally posted by jumpinjoey: ↑

I don't think CXO is that cheap ATM. Still has a few more things to tick off in regards to risk. Still need to get plant operational and decent recovery rates. For CXO to get to $4 it would mean a 7.4B market cap. Even if you did a 10:1 ratio on earnings that isn't possible until Hydroxide plant is operational. Don't get me wrong, would love to see $4 but i am a realist. Unfortunately it will take either time for CXO to save enough money to build or dilute the company more, which makes hitting that target harder. Hydroxide plants are very expensive and will take some time to build. Based on the fact that there is no feasibility study for Hydroxide then it's 3 plus years away. I know markets are forward looking but 3 plus years is a bit of stretch.

All focus is on the rapid development of the plant. From the pictures I have seen it's progressing well working 24hr days to expedite the construction of the plant. Some here think that mine open = production which is wrong. DSO will help in short term. same strategy PLS used.

I took a large position at the last raise and have tripled that since, so I am bullish on CXO.

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what part of getting 22mil of product did you miss

CXO Price at posting: $1.16 Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

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(20min delay)
Last 12.0¢		Change 0.010(9.09%)		Mkt cap ! $256.4M

Open	High	Low	Value	Volume
11.5¢	12.5¢	11.0¢	$3.037M	25.36M

Buyers (Bids)

No.	Vol.	Price($)
8	318278	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	2878347	41

View Market Depth

No.	Vol.	Price($)
7	268278	0.120
40	2995146	0.115
60	4820343	0.110
43	4085339	0.105
85	4725746	0.100

Price($)	Vol.	No.
0.125	2878347	41
0.130	1714806	38
0.135	1280459	21
0.140	837938	9
0.145	762740	16

Last trade - 16.10pm 15/07/2024 (20 minute delay)

CXO (ASX) Chart

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