CXO 8.86% 8.6¢ core lithium ltd

So many nonsensical posts over the weekend. 3500kt sold and...

  1. 594 Posts.
    lightbulb Created with Sketch. 3849
    So many nonsensical posts over the weekend. 3500kt sold and sitting at Port. 1st 15000kt sold, mining from pit continuing as scheduled. Expected prepayment in April 3500×.9 + 15000×.8 = $90m. At full capacity mine is 180kt/y, at 60% ramp up is 30kt over 3 months (april- june). Total production should stand at 33500 for fy 2023. Profit $200m less operational cost. Basic maths. How hard is that?
    SP is down from shorting on the back of rubbish reports, fools chasing headlines. Every stock talks about Chinese manipulation, yet some are still asleep,. There is a push back on Chinese investment in critical resources. So, they are buying through the banks. The banks act as custodians, drive SP down for the chinese to buy your shares cheap. Wake up yet?
    Tesla is opening a new shanghai battery plant in 12 months, Four times (4×) current giga factory. Where will battery materials come from (now) for it to be producing, it take 12 months from mine to battery. The Chinese mines close under $40k/t. The Chinese claim $15k/t yet they are selling to korea/ japan at $60- $80k/t. Why would the Chinese be buying from Australia and south America at a rate of $40k/t plus, if they can buy it at $15k from their backyard? They can't, volume is not there. Mr Ming is sell to his nephew phantom quantity and getting Gs and friends to report as truth.
    Incase you missed it, Greenbushes reported a $3.2b profit up from $200m 12 months ago and Alb offered $5b for Ltr= Livent (a producer). Why did GS buy Lac and ltr while calling collapse? Chinese are buying your shares cheap through different banks.
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
0.007(8.86%)
Mkt cap ! $183.7M
Open High Low Value Volume
8.0¢ 8.6¢ 7.9¢ $2.766M 33.86M

Buyers (Bids)

No. Vol. Price($)
1 10000 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 1102272 8
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.