Garth needs to eff off. That's the only way this mess can be...

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klimeco

259 Posts.

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17/08/23

09:42

Post #: 69387682
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Originally posted by regal: ↑

My thoughts before open. Get some breakfast/ coffee if you haven't done so. If you are holding, think calmly and rationally. You are effectively now frozen at 40c by the CEO. If you sell you will get a few cents above or below, you'll have the proceeds but the loss problem remains.
My calculations was they would only have $80-90m at end of qrt, even with 20kt of spod and fines sales. They have also had to repaid yahua $22m, leaving only $60-70m. Add $100m from this CR and $20m spp. Thie danger is CEO spends more than he earns, spent 20 years in a job paintings pretty pictures for his Rio superiors ( a good liar). It doesn't help. The only thing going forward is bp33, he also put uncertainty on this as well.
The only metric you can now go by is assets. How much is the MC at 50,40,30, etc. The earnings against valuation. CXO will have over 50-100Mt deposit in time. Currently enough for next 10 years anyway, how much it cost to produce is another matter. 30-40c is cheap, the uncertainty is the CEO ( dic#head in charge). Explorers provide more updates and communications than CXO currently. Why??? I also believe there was a disagreement between office staff and no doubt opinions amongst workers. The EV and battery storages is not going away but accelerating, at some point this will reflect in the SP, not in the next 2 months anyway. Do you want to see this or another double is personal choice and financial situation. CXO has great assets but execution is amateur at best. Go by HC posts and you end up with a hole in your pocket. Use the space between the ears.

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Garth needs to eff off. That's the only way this mess can be cleaned up.

CXO Price at posting: 54.5¢ Sentiment: Hold Disclosure: Held
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Last 8.6¢		Change 0.000(0.00%)		Mkt cap ! $183.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	5000	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	25505	4

View Market Depth

No.	Vol.	Price($)
1	5000	0.100
3	100674	0.090
6	51953	0.086
6	66440	0.085
5	52414	0.084

Price($)	Vol.	No.
0.080	25505	4
0.081	1150	1
0.082	4	1
0.084	247999	3
0.085	49450	5

Last trade - 09.46am 26/06/2024 (20 minute delay)

CXO (ASX) Chart

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Garth needs to eff off. That's the only way this mess can be...

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