CXO
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6.59% 9.7¢ core lithium ltd

I think what most people miss.. These companies that join the...

  1. Mudcrabber
    1,739 Posts.
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    26/08/23
    16:04
    Post #: 69564931
    I think what most people miss..

    These companies that join the ASX are here for the porpose of raising funds to expand..

    From drilling for exploration to production..

    Unfortunately these companies need to go backwards in order to go forward..

    This company has raised funds..
    And has no debt..
    In this environment with inverted yields and the rest of macroeconomics factors globally..

    With so much cash on hand available to expand it's actually positive compared to other companies..
    CXO Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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