The shorts were on CXO for a reason, the reason became clear with this announcement.
I was on the conference call - it was alright, I thought Gareth knew what he was talking about - but they sure have problems
So it got me thinking - what does profit look like in 2024 0r beyond, based on the 80-90,000 tones of Spodumene production and sales
Based on a PE ratio of 4 to 8 (The last 5 colums) of expected profit, working backwards in terms of market cap, and ultimately share price - I have got the below table
Currently we sit around the 1.35 Billion Market cap - what does the market assign profitability and PE, is upto the market, but this where we stand - (PLS is at 4 PE)
Banter and general comments, page-29349
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.5¢ | $2.271M | 18.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 2973036 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1235619 | 14 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |