CXO 8.79% 8.3¢ core lithium ltd

You want me to buy back when you admit to selling at 56.5c and...

  1. 594 Posts.
    lightbulb Created with Sketch. 3849
    You want me to buy back when you admit to selling at 56.5c and organising a mob to hang a muppet end of September. You are funny. Came up with a theory and the numbers matched. You are looking at this all wrong. The fundamentals have totally changed.The CEO has stated production to be 180kt over two years instead of 175kt/y, effectively halving the valuation from 1.50 to 75c. He then BS on about positive/ negative outcome on bp33 dfs. Reality is bp33 has to come online in 2026 or cxo close shop. The main work is in Darwin, instead he worries about a new perth office. At June 2022 the company had $150m, they raised $100m, on Jan 1/1/23 they had $125m. Spent $125m on the mine. They sold dso and 18.5kt of spod and added $27m to the bank. For every tonne of spod they have 1 tonne of fines. This qrt they will produce total 20kt spod at 52% recovery (10kt at present) and 20kt fines. They will have total 20kt (spod) and 20 +18.5 fines(from previous). If they get $500/t for fines, this will equates to the DSO sale. If they added $27m total to the bank previously, chances are they will add $27m this qrt. (volume for volume) 152+ 27= $179m. They have already allocated $90m for exploration/bp33 leaving $80-90m end of the qrt. (these are my numbers and sticking with it). I put no value on drone images nor so called intelligence as they've been counter to the SP. China is in a state of deflation ( declining asset value), $7 trillion government asset value is tied to the crumbling ghost cities. CXO is looking at 50c within days and possibly lower beyond. The assets maybe worth more, but the SP is being pushed there. You must have enough resources to wait this out. I suggest all take GM actions, SP and macro seriously as the feel good and pumping posts will do nothing for the pocket.
    charts have done nothing.
    Last edited by regal: 16/08/23
 
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Last
8.3¢
Change
-0.008(8.79%)
Mkt cap ! $177.3M
Open High Low Value Volume
9.0¢ 9.0¢ 8.3¢ $4.722M 56.06M

Buyers (Bids)

No. Vol. Price($)
3 1606055 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 110070 6
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CXO (ASX) Chart
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