The Key to me is that Shorts have lost control, 170 million shorts to cover... thats a lot of buying.
The bigger picture being that CXO's mine is not delayed, it is still on track to produce Spodumene within agreed timeframes, and looks like within allocated budget (or a little higher)
prices being obtained are still strong, and moreover someone will want to put an agreement in place to gaurantee supply
So CXO is clearly in the box Seat - The SHORTS realise this - hence the movement
Banter and general comments, page-21769
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Last
10.3¢ |
Change
0.003(2.50%) |
Mkt cap ! $219.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $856.7K | 8.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 2716755 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 6716740 | 72 |
View Market Depth
| Last trade - 12.10pm 12/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |