Banter and general comments, page-23301

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moriwaki

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28/02/23

10:16

Post #: 66504912
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Originally posted by regal: ↑

CXO is officially a producer with cash and a larger deposit. Dry season starting and more cash coming in. Others will be raising cash.

For the newbies. Again (Seriously go and google).
The word "LITHIUM" is over used and used too liberately. Lithium is a metal, the third lightest element, after hydrogen and helium (both are gases). The atoms/ chemistry cannot be changed. Lithium metal is create under lab conditions only, not mined. A mine is a concentrated deposit of lithium element (lithia). To economically extract it, the concentration has to be at least 0.5% (in hard rock). Digging this up and selling is called DSO ( Directly Ship the Ore). Concentrating this ore to 6% is called CS6. A converter ( as the word suggests) convert the ore to chemicals ( carbonate/ hydroxide). There are six different grades of chemicals used in different industries. Non battery grades are called technical, battery grade carbonate is refined to 99.5% purity, with 0.5% to minimum specifications. The machines must be tuned to each deposit ( as they are all different) to make different chemicals as requested by the buyers. The batteries that catch fires (on the news) were not to specifications.(they've tested this) Sodium batteries, touted by CATL to replace lithium batteries is like comparing black forest cake(lithium battery) to bread (sodium battery). The chemistry cannot be changed, as the element itself cannot be changed. Technical Carbonate and hydroxide can be produced easier but battery grade is what car makers like Tesla, Ford, GM etc are struggling to get. Technical chemicals can be turn to BG but cost is the problem.
GS has CXO at 95c assuming a spod price of $1000. She has it wrong. The maths doesn't add up. Currently spod is seling at $6k plus. Even at $4500/t cxo would still be earning $1b with a PE of 1.8. Proper PE ratio is over 10. The banks are throwing the kitchen sink to get retail out. They are playing with your head. It's a kin to telling Henry Ford cars will never take-off, Goodyear and Firestone shouldn't invest in tyres.
Retail will buy green and sell on red. They will follow the chart posters for magical intervention. Ever hear a chartist with 15-20 years experience still posting, Still haven't made it? Putting the word TAX in front of loss to make it sound positive. The short stocks because they know your head space.

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I've said it before, and I will say it again. The King! My prob is i want you to myself. JK. Thank you again.

CXO Price at posting: 93.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.3¢		Change -0.002(1.60%)		Mkt cap ! $196.5M

Open	High	Low	Value	Volume
9.5¢	9.6¢	9.2¢	$819.8K	8.782M

Buyers (Bids)

No.	Vol.	Price($)
1	5299	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	715931	15

View Market Depth

No.	Vol.	Price($)
31	1155957	0.092
48	2984520	0.091
83	6552157	0.090
8	271550	0.089
7	406136	0.088

Price($)	Vol.	No.
0.093	908568	41
0.094	358387	5
0.095	579130	5
0.096	455460	7
0.097	356032	7

Last trade - 15.59pm 02/09/2024 (20 minute delay)

CXO (ASX) Chart

Banter and general comments, page-23301

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Banter and general comments, page-23301

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