Every hard rock lithium mines have, issues with fines. CXO knew about this long ago. They did a scooping study on fines back on 26/7/21...quite a good study. Having 46% recovery for the first run of production was expected and nothing unusual.
CXO SP has been stagnant for a while, it's the most shorted stock and just before the QR, State Street was loaded up, then management fed these shorters with an early Christmas present by an unusual QR that had absolutely unnecessary "negative" information. You would have expected management would be infuse positivity in the first QR after getting to production and those teething problems are part and parcel of every mines which just get iron out over time...but management chose those to be the centre focus of what could have been a positive first QR...why???
Banter and general comments, page-30067
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