I agree. A lot of money sitting on the sidelines waiting to jump into lithium and other battery materials.
They were waiting for market bottom before making the move. LTR was opened the floodgates and was the first shot in this M and A battle.
CXO is currently cheap as chips. Spod already produced, and all the expensive big long lead items including the crusher, DMS already built and derisked. No mean feat in this inflationary market as evidenced by multiple cost blowouts from our peers.
Why wouldn’t you jump in before the next drill results which will invariably upgrade the resource, when the price will be much higher from here.
I agree. A lot of money sitting on the sidelines waiting to jump...
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Last
8.3¢ |
Change
-0.002(2.35%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 8.3¢ | $766.9K | 9.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1422995 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 273485 | 3 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |