CXO 5.88% 9.0¢ core lithium ltd

The selling is a con to get people to give up their shares with...

  1. 595 Posts.
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    The selling is a con to get people to give up their shares with $2+ in front.
    Ms and Gs missed the boat under $1, they want you to sell to them. They were shorting since last April and June. Ss was buying and stuff up their game. They double down by borrowing from ss. Over 1.50 every short position is in red. 1.25 is break even. They need people to sell at or under $1, not only to cover but take positions. They know there is a shortage.
    Every li2o stock would fall the same amount and explorers would be zero if their story was true.
    In 2035 new ICEs sales will be banned, only 12 years away. People will not buy ICEs knowing the manufacturer will stop producing parts and provide support in 10 years. Sales of EVs will start to rocket while ICEs will plummet. The battery factories are already sitting idle, more being built, there's not enough li2o to supply them. Hybrids and energy storages have not even been included. Ships, planes, lawn mowers, vacuum cleaners etc are all changing to batteries. Then there are bikes, scooters, wheel chairs, forklifts. We are in the energy age, electricity in the form of battery storages.

    cxo at $4500 (current is $6300) × 175kt= A$1b per/y.
    Three new mines needed to open every year for the last five years and going forward to meet demand. This has not happened. Chinese Lepidolites has less than 0.4% lit and high impurities. The conversion cost is higher than brine. New discoveries takes 7-10 years to come on line. These are for supply after 2030. There are no spare supply between now and 2030. Tesla is already struggling to get supply every EV makers including the Chinese will be fighting to get product. They need to get shares.
 
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Last
9.0¢
Change
0.005(5.88%)
Mkt cap ! $194.4M
Open High Low Value Volume
8.8¢ 9.1¢ 8.7¢ $1.722M 19.26M

Buyers (Bids)

No. Vol. Price($)
16 291975 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 465596 11
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Last trade - 14.41pm 04/07/2024 (20 minute delay) ?
CXO (ASX) Chart
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