CXO 6.82% 11.8¢ core lithium ltd

Alot of people have the brain size of a goldfish, or the memory...

  1. 600 Posts.
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    Alot of people have the brain size of a goldfish, or the memory of one.
    Ake sep qtr received spodumene contract price of $5028/t us for SC 5.4 . December qtr is higher than September. Look at the pls auction price, they went up as well from September to Dec. $8k plus/ t. Ring any bells. Wake up yet? Contract December qrt is around $5500- $6000/t for sc 5.5 equivalent to Sc6 $6-6.5k/t.

    take 100 people at age 25 financially equal. By the time they reach 65, 1 will be rich, 5 financially secure, 10 will still need to work, 55 will be broke. Majority do not know how to think.

    year 2022 13% EV penetration, year 2025 expected 25% penetration. That's double. Lithium chemicals has a shelf life of 12 months and it take 12 months from mine to battery. In short, year 2024 lce production must be twice year 2022, world production must bouble in 2023 to meet 2025 demand. It's called an impossibility, zero chance of happening. There are currently no new mines. Takes 12 months just to build and 12 months of qualification for battery grade. So earliest would be 2026 to sell the Lce if new mines were to start today. Where are the new mines???

    Year 2022 was supposed to be recession. Where is it? Recession require 2 negative qtrs. July 2023 earliest. Inflation is already cooling, labour markets are still short. Wake up yet??

    China lockdown. What lockdown? They are opening up and pooping their pants afraid of catching covid. Instead of getting real vaccines they are stock hoarding flu tablets.

    The Chinese want to dominate domestic and global EV markets. Look at BYD sales, EV sales are going up. World EV sales are going up. Lithium is blood for rechargeable batteries. Where is it all coming from??? The toilet bowl??? Think think think. All lithium reports were shortage until 2030, g's call oversupply and everyone follow. Mq 12 month target 1.90 changed to 1.3 in a month. How is that credible?? Think. Bs bs bs, get it.

    hydrogen will never work. Mazda and Toyota went down that road and scrapped it. Current Hydrogen comes from fossil fuel, produce 65% more co2 to convert than just using fossil fuel. Most of the hydrogen produce heat, 60% is wasted. Governments are building battery giga factories for a reason. Hydrogen is nothing but an idea.

    June 2023 is expected at full run rate for CXO. Take advantage of the cheap shares. In March SP was 1.3 with buy recomm. Real current SP value cannot be $1 common sence ( extra tenements + $120m + a working mine). In 2022 lithium price rose due to shortage, 2023 2024 shortage will be worst. Reasons above. Think. There are always clowns and majority are wrong.





 
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