@ Connex - well said. Good things take time. Flattering and no coincidence that shorters are giving us so much attention. Clear as day instos want a bigger piece of the pie at the expense of retail. So many lessons from the past to learn from. A very similar story to FMG you mention, when all those years ago it was one of the most shorted stocks when it was trying to grow into a profit making beast. How did that turn out for those with a long term view compared to the 'shoulda, could, woulda' brigade who sold out too early? I know what side of the ledger I'd prefer to be on when CXO comes of age.
Check out FMG chart from 2005-2008.
-2005-2006 FMG jumped from 0.40 off cents to $1.30 range and bubbled around there for a while.(Similar to 2021/2022 for CXO). Very enjoyable to watch and be a part of!!
-2007 is when FMG really took off $1.50 to $5 despite all the naysaying from many investment banks at the time.
-2023- for CXO the project is further derisked and the fundamentals have never been stronger.
Expect games to be played. It is the making of a good tale to tell the grand kids one day. Lesson: "Time and patience are the greatest warriors" (Tolstoy). DYOR IMO
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Last
11.8¢ |
Change
-0.003(2.08%) |
Mkt cap ! $241.0M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.3¢ | $738.5K | 6.406M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 1692992 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 2570589 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1590527 | 0.115 |
102 | 5617330 | 0.110 |
73 | 5199217 | 0.105 |
133 | 9365878 | 0.100 |
11 | 484448 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 2550589 | 27 |
0.125 | 2021021 | 21 |
0.130 | 3962009 | 54 |
0.135 | 2116227 | 36 |
0.140 | 1783714 | 24 |
Last trade - 12.42pm 04/10/2024 (20 minute delay) ? |
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CXO (ASX) Chart |