I’m not totally up to date on a comparison of LTR’s resource and CXO’s but if LTR accept Albemarle’s latest bid at over $6b where does that put CXO at fair value. A lot of the work has been done in the NT and LTR still have a way to go and add to that expense also I would argue have more potential for resource upgrades and being close to port I would also argue that the cost of production and shipping will always be more favourable to CXO. So currently is our resource at 1/8th of LTR’s atm not taking into account of what yet could be to come, imo we are clearly not being valued appropriately and if and when management can get the house in order the maths should change accordingly.
I’m not totally up to date on a comparison of LTR’s resource...
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |