For those that are still confused. Yahua and Gangfeng buy spodumene at a specific size. Pretend 50c coins as spodumene (5%) and 10c coins as fines(1%). The large chemical producers are 50c coin buyers, they dont want 10c coins. There are customers for fines, the 10c coins. The company is negotiating for the sale at present. Concentrating fines to 5% will not become spodumene and can only be sold as 5% fines.
In the interview, the CEO stated the plant operated an aggregate of 14 weeks, equivalent to 2 weeks of operation, the company produced 15kt. 15k× 26= 390kt.
A year 7 (13 years old) with a calculator can tell this is incorrect statement. The company has a plant capacity of 1Mt for 175kt/y only. The plant is not running at 1Mt currently, a slow down in FY25 is another mystery. Not alot make much sense at all.
Those that are pumping the stock have also admitted they have cashed in, readers can make their own judgement.
For those that are still confused. Yahua and Gangfeng buy...
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $1.387M | 13.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 2472934 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3147367 | 54 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |