Very tough on all CXO holder's, beyond belief really.
Sick to my stomach, yep feeling down financially & mentally, very humiliated, embarrassing to seek help, absolutely blindsided by CXO disappointing results.
For me far to much information stated with regards to 2024/25. BP33 mine was not added to the equation.
Why spend 45 million AUD on early works without executing FID, even Goldman Sachs stated CXO was to conservative on its 24/25 production guidance given the fact, inherent weathered conditions are unknowns, also intensive capital expenditure in 2023 to remedy flooding due to cyclone / wet seasons.
Recovery rates effected by wall collapses causing inferior material being scooped up into crusher. What I read, deeper the pit harder the spodumene mineralization, so ineffect higher recovery rates. Obviously BP33 should have harder mineralization.
My position uncertain, not bitter about anyone apart from my own bloody stupidity on thinking to positive about Core Lithium. I am able to hold, but rely on others, I not comment anymore, so pointless for me.
I stopping posting now, no need to give myself headaches, anxiety attacks, as most have felt too.
Basically I 'y'ucked up on PLS, CXO finished me off.
This is the only positive, found in the Q report, if we can get something now, move SP higher, this is it ..
Or a disclosure of a takeover, oh I pray for that ..
Someone, something please !!!
Goodluck Dancing, hold if you can, remember Rick Rule video those in production will eventually win.
Core has now commenced its 2023 drilling campaign targeting near-mine deposits within trucking distance
of the plant.
The $25 million exploration budget is the largest in the Company’s history.
During the quarter there was 9,581m of mine development and exploration drilling undertaken at BP33,
Carlton, Hang Gong and Lees and 1,529m testing new prospects. At the end of the quarter there were three
diamond drill rigs and one RC rig in operation with two more to be mobilised to site in the current quarter.
3 Diamond rigs plus 3 RC rigs now in operation.
A reconnaissance visit was made to the Barrow Creek tenements and stakeholder engagement is ongoing.
Field work at the Anningie, Barrow Creek and Shoobridge tenements are planned for the current quarter.
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