That was well put together. Finally, someone who isn't just a moonie. I feel a more realistic timeframe for full recovery will be in Q2 even with the plant build going 24x7. Hopefully some of the lessons learnt from previous lithium plant builds are carried through to this plant. I have seen pictures of the plant as it stood last week. For someone (not you) to call out i have not done my research is ridiculous. I wouldn't invest millions of dollars without doing any research.
People misunderstand the term risk and immediately go on the defensive. All the analysist reports always factor in a price based on the uncompleted stages (risk). If this wasn't the case the market cap today would be much higher.
I'm not trying to discourage anyone from buying this stock. I am encouraging friends to purchase because I do see upside. Do i see the same upside as others probably not. Biggest thing is people only look at price and try to make comparisons to other companies on price. People that get it look at market cap, fundamentals, stage in development cycle etc.
I think in 6 months it will be a totally different company. I watched PLS grow into the beauty it is today. I feel CXO has very similar potential. Would be nice to see a much larger JORC and some info on the Hydroxide plant.
CXO Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
(20min delay)