CXO
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0.00% 9.1¢ core lithium ltd

Hi Jack We will never know for sure but the deal with Tesla was...

  1. Whisky49
    13,391 Posts.
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    13/02/23
    16:50
    Post #: 66220467
    Hi Jack
    We will never know for sure but the deal with Tesla was linked with potential funding of a conversion plant . The main issue for CXO is its resource size and at this point in time any deal being made with a conversion plant as part of it( which require a minimum of 20y LOM) would be dealing from a position of weakness IMO, so why do a deal untill resources are proved up and one can deal can be done from a position of strength...

    As you say we have the Lithium and we don't need an ofttake for the excess beyond current contracts anytime soon and it could be sold into the spot market if necessary...


    Cheers Whisky

    CXO Price at posting: $1.03 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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