CXO 2.13% 9.2¢ core lithium ltd

Banter and general comments, page-30511

  1. SP
    370 Posts.
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    Short sales in the last few days were down vs total volume. This just means stupid retail holders are selling and bailing out. IMO we have ~65% retail, this could go lower if this continues. There is no point selling at 1/3 of SP all time high. As some have suggested, put in bottom drawer and wait for next quarterly or drilling announcement. Hope everyone is talking to family / friends at this difficult time.

    Remember PLS produced 91 kdmt in 2020, this is CXO conservative target. We can easily reach nameplate 190 once recovery issues are resolved at Grants. GM focus is north of Finniss so any additional find can be trucked and processed at Grant. It is highly possible that we could see an increase in Grant's mine life vs DFS. Imagine Grant and BP33 producing at the same time....this could be +350 kdmt with 50M DMS plant investment.

    My take...with spodumene price and Lithia recovery, this can get back to 1.50's range early next year. Its a HOLD for me.
    https://hotcopper.com.au/data/attachments/5491/5491264-e17bf8989701bba1a12ed2d0d79dc01f.jpg
 
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Last
9.2¢
Change
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Mkt cap ! $196.5M
Open High Low Value Volume
9.4¢ 9.4¢ 9.0¢ $1.679M 18.34M

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No. Vol. Price($)
1 293 9.2¢
 

Sellers (Offers)

Price($) Vol. No.
9.3¢ 276590 6
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
9.2¢
  Change
-0.002 ( 2.23 %)
Open High Low Volume
9.4¢ 9.4¢ 9.0¢ 10903918
Last updated 15.59pm 14/06/2024 ?
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