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9.09%

10.0¢ core lithium ltd

Regardless of whether its FOB or CIF, payment is made once a...

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Cosmoterios

18,633 Posts.

2631

18/11/22

16:09

Post #: 64860624
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Originally posted by BPLithium: ↑

Agree all can be guilty of that. But when your in "the assumptions" business, and I have worked, trained and mentored others, it is of paramount importance to have a sound understanding, with appropriate research, of the basis of your assumptions. I would tell the juniors if you don't know then flip a coin, heads or tails, and be ready to have strips torn off your body when someone questions your assumptions, at least you have 50/50 chance of being right. My message got across .
Most people accept that assumptions can be wrong, its the workings arriving at the assumptions which can lead to constructive debate or discussion.
And yes, normally how the payment system works for FOB (free on board), however I believe Core sold DSO, as CIF (inclusive of customns, insurance and freight costs) to the customers door (figuratively speaking). As a customer I would not be making final payment until it arrived.
(Umm might need to check if CIF or FOB, relying on memory here )

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Regardless of whether its FOB or CIF, payment is made once a bill of lading is presented to the bank who issued the letter of credit.

As an exporter, you don't have to wait until the goods reach its destination.

CXO Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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Last 10.0¢		Change -0.010(9.09%)		Mkt cap ! $213.6M

Open	High	Low	Value	Volume
11.0¢	11.5¢	10.0¢	$2.267M	21.78M

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No.	Vol.	Price($)
14	1081519	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	1121658	7

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No.	Vol.	Price($)
5	74032	0.105
22	440840	0.100
10	189565	0.099
7	440791	0.098
5	362072	0.097

Price($)	Vol.	No.
0.100	73691	7
0.105	998540	6
0.110	1225270	20
0.115	2023873	20
0.120	2609010	29

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