CXO 0.00% 14.5¢ core lithium ltd

Really disappointed with the state of play here. I looked up the...

  1. SP
    364 Posts.
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    Really disappointed with the state of play here. I looked up the last 100M CR, IMO after successful share placement notification there were 3 major announcement - 1st DSO shipment, drilling results and Primero contract award. The SP we all know went from $1 to ATH.
    This capital raise has $20M SPP component so according to timetable will complete by mid-Sept. I think the SPP can close earlier if there is strong SH interest. Once that is done, we can expect some significant announcement - Next spodumene shipment, firn update, drilling results, BP33 contract award and most importantly DMS recovery update. I also think Carlton may double in resource exceeding BP33 (will see how my 1st prediction works lol)

    There is also significant increase in short % for 17/8 (32.5M) and 18/8 (11.8M). Overall short position could reach well in excess of 244M ie ~13%. Remember all these need to be bought on market assuming none were taken in recent capital raise.

    Its a bottom draw hold for me....

    https://hotcopper.com.au/data/attachments/5525/5525789-2bb5292ff4a7e168d76e92bcfbe46e34.jpg
 
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