2 more Q&A to to tell about the truth of CXO:
1. 'Wet season not come yet and CXO already dropped to $550million market cap. What if this year's wet season very bad?'
This year for cxo, wet season doesn't matter anymore. CXO has 240,000t ore mined in the inventory. They don't need to dig the mine when the mine is wet and can still comfortably crushing. 240,000t ore can roughly produce 50kt of SC6. CXO's production target per quarter is only 20kt. So even wet season last for half year. CXO can still comfortably reach the production target.
2. 'The offtake agreement is not clear, so we don't know whether there is still ceiling for the price or not.'
Ceiling doesn't matter when price is low.
Banter and general comments, page-34899
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Last
9.6¢ |
Change
0.003(3.23%) |
Mkt cap ! $205.1M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.5¢ | $1.953M | 19.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 786998 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 554921 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |