Not sure why everyone is talking about a CR.
We are cash flow positive, any expansions and upgrades can easily be funded from existing profits, of which the margins are still significant.
LTR has also shown it’s not difficult to get money from the loan market.
Everyone dumping on CXO, but fundamentally we are still digging up 90-100ktpa at a cost of around $900 a ton and selling it for around $5000 a ton.
Sure we projected a conservative figure (a little unnecessarily imo) with room for improvement with increase recoveries, but the fact remains unchanged - we are producing something that is in demand, for less than 1/5th of the price we are selling it.
Call me crazy but I don’t see the sky falling in.
Not sure why everyone is talking about a CR. We are cash flow...
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8.3¢ |
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Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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