CXO 8.86% 8.6¢ core lithium ltd

Fact is around 80% of investors lose money, they simply don't...

  1. 594 Posts.
    lightbulb Created with Sketch. 3849
    Fact is around 80% of investors lose money, they simply don't understand or don't want to know. Bank institutions make money by taking from the 80% anyway they can.
    The average investor is a person with a job, struggling to save, invest what they have in the hope of getting ahead. They ask their friends and people from sites like HC for advise, wrong wrong wrong. Just like a building, if you don't have a solid foundation your financials will fall. You have to learn how to think and not be told.

    The world is moving to decarbonise, lithium battery is the best way of storing energy. Horses were replaced, ICEs will disappear just like the video stores. The transition of ICEs to EVs will speed up. Car manufacturers are struggling sell their ICEs, while EVs are on waiting list. The writing is on the wall, ICE makers are facing extinction.
    EVs and energy storages need alot of lithium batteries, those batteries need alot of lithium chemicals. There are currently not enough mines to keep up. Any reports by banks or others regarding fall in demand or oversupply are absolutely false.
    A farmer takes 7 to 10 years to grow a vineyard- 7 to 10 years a lithium mine.
    Each year the farmer produce grapes (spodumene).. He sell this to the wineries (chemicals convertor). The wineries (chemical converters) sell six different types to different customers. Only the top quality goes to the bottlers (battery chain). The people at the bottle shop are buying faster than the bottles (EVS&energy storages) can be produced. So much so they are on waiting list. The time and quantity produced are fixed 12 months in advance. The price is agreed at the farm gate.
    The school system is over 200 years old, it taught you to copy, follow and comply, it doesn't teach you to think. It teaches you academic smart, it doesn't teach you to be financial smart.
    Having done a charting course with a trading firm many years ago, 80% of charting comments on HC are false. Beware who you listen to.
    The pls BMX last auction is $8500 us. 5kt
    If cxo produce 175kt at $4000/t us =$1B aud per year. Use the space between the ears.
    You bought a company worth above $2/share for less, you spend your days worry whether it goes up or down. People who sold below 40c were right, those that sell above $2 will also be proven right. What you believe becomes your reality.



    Last edited by regal: 17/11/22
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
0.007(8.86%)
Mkt cap ! $183.7M
Open High Low Value Volume
8.0¢ 8.6¢ 7.9¢ $2.766M 33.86M

Buyers (Bids)

No. Vol. Price($)
1 10000 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 1102272 8
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.