Honestly? I'm thinking no. Dilution is a big part in the SP downgrade, but operation guidance looks poor and with China's lithium prices looking poor I personally see a lot of headwinds keeping the SP in the range it is now and lower. I think Gareth is doing what he can to get the company into overdrive to deliver in a few years but that's costing a lot more in an environment that is no where near as rewarding as it was a year and a half ago.
In 2025 it could be amazing and the SP could hit nice targets, making buying in the 30's as good as it was in the initial credit raise at 30c to build the mine in the first place, then ride to $1.8 during lithium fever of 2021/ early 2022.
CXO has a major amount of work ahead.
Honestly? I'm thinking no. Dilution is a big part in the SP...
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11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $1.472M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 3844280 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 885371 | 12 |
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| CXO (ASX) Chart |