Wrote a thorough post for all, it disappeared into cyber space. The report hurt alot of people, anyone that say not bad, is delusional. Gary has been in the job 12 months, 6 months transitional with the ex. Concentrating on a new office instead of the production. Most mums and dads take home $1000 a week, Gary gets over $2300 /day, its not a small amount. Putting out a 2 years forecast when the next 2 months is undetermined. Why??? The video put out after, the content didn't explain but rather served as an excuse. Gary has to accept this mistake and fix it very quick. Alot of unnecessary damage has been done. The banks and shortselers are same, the ones benefiting. Gary turns to the banks for fundings support, the 70% investors forgotten.
The mine was built in 12 months with a new plant, so why can't the company come up with a solution to recovery in less? From memory, gxy produced 4- 6mm spod, anything under this is fines. CXO has 100kt of fine to 20kt of spod, a ratio of 5:1. If we fix this ratio down to 20kt of fines, there would be an extra 30kt =130kt/ year right there. The company is only running at 60% capacity, 100kt with 500kt of fines= 600k. The plant has capacity of 1m, so it's at 60%.
If it can monetise fines for sale(@1%Li) the income would be equivalent to 120kt/ year. The company is spending on bp33 when the FID is not even done, is Gary looking to the banks? I don't know and you don't know. Will Gary answer the call??? In time this can value over $2. In the short-term are you prepared to hold under 0.7, 0.6, 0.5 etc? Only you can decide. There is a lithium deficit, CXO is not capitalising on it. The management should be 24/7 addressing this right now.
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Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $208.3M |
Open | High | Low | Value | Volume |
9.9¢ | 9.9¢ | 9.6¢ | $814.8K | 8.333M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1083045 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 462853 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 809779 | 0.096 |
33 | 2903116 | 0.095 |
16 | 1061788 | 0.094 |
16 | 1342046 | 0.093 |
23 | 1823573 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 429818 | 19 |
0.098 | 652715 | 11 |
0.099 | 950080 | 5 |
0.100 | 1619262 | 12 |
0.105 | 2598234 | 48 |
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