Well, cxo is not the only Li stock getting a hammering.
sya also down 6.5% with MC 636m
cxo down 5.67% with MC 567m
And the king of Li mine has been downgraded to a sell and price target $3.05 by UBS.
Its all about jhina recovery.
it is suggesting a very long road to recovery ie. 3yrs
The difference is that pls can bounce back..... cxo can it survive for the next 3 yrs, even after bp33 is producing but at what price for Li.
The whole Li sector is screwed, due to drop in demand.
Dont compare Chris Ellison and Gina Rinehart, they all have billions after the drop and can wait it out for the next cycle boom.
Well, cxo is not the only Li stock getting a hammering.sya also...
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