IMO there are more important things to spend money on other than dividends in the short term. Rapid expansion of LOM for one. That will require an expansive drilling budget around Finniss and importantly the almost untouched leases around Barrow Creek which if positive will require roads and other infrastructure. The proximity to the Highway and or rail is a bonus but some links will be required. As the LOM ramps up, as most people think it will, with accompanying production increases then CXO will be in a position to pay very handsome dividends one would think.
I love optimism and as much as I hope your right, I can't see it.
IMO there are more important things to spend money on other than...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $309.8M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $921.1K | 6.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1199370 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 3025488 | 52 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
14.3¢ |
Change
0.005 ( 2.74 %) |
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| Open | High | Low | Volume | ||
| 13.8¢ | 14.5¢ | 13.5¢ | 3031105 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| CXO (ASX) Chart |