CXO 1.10% 9.0¢ core lithium ltd

Every processing plant has recovery issues and more often than...

  1. 1,365 Posts.
    lightbulb Created with Sketch. 143
    Every processing plant has recovery issues and more often than not the first 12-24 months is spent optimising the process and adding/removing (generally modifying /adding) processing equipment.
    every business has had its share price smashed after start up , be it spod , graphite, gold , copper ….they have all copped it at some point and it’s generally a capex thing ( keep it as low as possible) during construction phase . Get it going then add what is needed ( easier to fund & different tax codes).
    its share trading one o one …..look at any chart which shows a flow from discovery to operational mine ……share price follows the same trend .

    they will sort the recovery issues ….in fact they would of known it wouldn’t hit the target in the feasibility studies ( they generally all miss that) it’s more seeing how far off .

    the CR at 40c does suck but better off having no debt at this stage .
    what’s the plant run ? 14 weeks in total wasn’t it? ….they are in a pretty good position to tell you the truth.
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
9.0¢
Change
-0.001(1.10%)
Mkt cap ! $192.3M
Open High Low Value Volume
9.0¢ 9.6¢ 9.0¢ $1.362M 14.91M

Buyers (Bids)

No. Vol. Price($)
28 2946389 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 200000 1
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.