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4.95%

8.7¢ core lithium ltd

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BrucieKibbutz

2,157 Posts.

561

29/06/23

10:33

Post #: 68528794
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Originally posted by tinman9: ↑

One of the main reasons S.S and their collaborators have had it so easy is that interest rate rises have made retail investors take money out of "speculative" investments and back into savings/mortgage accounts.
Poor disclosure of cyclone damage and flooding didn't help although the shorters knew.
Add inflation and a higher cost of living into the equation and impatient retail create a self for filling prophecy.
As the shorters see the movement of retail capitol out they push harder.
Then add the EOFY portfolio movement and you have a perfect platform to short harder.
So why CXO, well because they have a high retail shareholder register to spook.
The same tricks don't work on investment banks and superannuation funds.

But CXO has no dept,
A ready market to take all we produce.
A commodity in high demand and prices increasing.
Potential for much larger proven resource.

In my opinion the future is bright and over the next financial year the shorters will retreat from CXO for a new target and CXO can rise to where it should be as a valued supplier of a much needed commodity.

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Well said tin, Very logical and well thought out.

CXO Price at posting: 90.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 8.7¢		Change -0.005(4.95%)		Mkt cap ! $185.9M

Open	High	Low	Value	Volume
9.2¢	9.3¢	8.6¢	$909.7K	10.22M

Buyers (Bids)

No.	Vol.	Price($)
18	992102	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	214273	17

View Market Depth

No.	Vol.	Price($)
3	253562	0.087
17	950828	0.086
16	1003847	0.085
8	774742	0.084
11	1530961	0.083

Price($)	Vol.	No.
0.088	413927	20
0.089	348709	5
0.090	380020	5
0.091	484436	5
0.092	560100	4

Last trade - 15.15pm 02/07/2024 (20 minute delay)

CXO (ASX) Chart