CXO

6.59%

9.7¢ core lithium ltd

Banter and general comments, page-28187

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BrucieKibbutz

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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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Last 9.7¢		Change 0.006(6.59%)		Mkt cap ! $207.2M

Open	High	Low	Value	Volume
9.1¢	9.8¢	9.1¢	$1.680M	17.59M

Buyers (Bids)

No.	Vol.	Price($)
3	228125	9.6¢

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Price($)	Vol.	No.
9.7¢	335231	4

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No.	Vol.	Price($)
3	228125	0.096
11	659180	0.095
6	530401	0.094
11	715102	0.093
10	1677360	0.092

Price($)	Vol.	No.
0.097	335231	4
0.098	1387196	15
0.099	438600	5
0.100	1060631	17
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Banter and general comments, page-28187

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Banter and general comments, page-28187

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