The fact is CXO should have a $2B market cap. It is already capable of funding OPEX through revenue streams. So the only real question here should be "when".
The fun part is the short squeeze. Nothing else matters at this stage. Resistance is futile, everyone knows it.. so a painful slow burn.. and that just makes it all the more exciting since many retail shareholders want revenge for a New Year cheer.
So well done retail, I think, congratulations is in order. None of the sell "recommendations" hold water.
CXO is a producer, being priced as a developer. That's just plain obvious even for untrained eyes. Why? Because technically it's still a "startup".
Just keep holding and imagine what I'm seeing - a whole bunch of arrogant rich f**ks getting f***ked over Christmas.
My team has long ceased shorting Aussie startups long ago. It shouldn't happen especially when geopolitics at play, our competitors get the best of our best assets and practically sending profits offshore. It's not right. And you all (other execs) know I'm right! (in case they read this)
So I'm with retail on CXO. When I see shorters double down, I'll line wipe up just for a laugh. Perhaps it would trigger a change in policy not to short small caps? Here's hoping.
Now you know why I'm enjoying this and posting about it on the internet, haha
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $225.0M |
Open | High | Low | Value | Volume |
11.0¢ | 11.3¢ | 10.5¢ | $1.015M | 9.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
101 | 7932924 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 1975375 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
101 | 7932924 | 0.105 |
177 | 9235001 | 0.100 |
8 | 298868 | 0.099 |
7 | 109339 | 0.098 |
5 | 107228 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 1975375 | 18 |
0.115 | 2198772 | 25 |
0.120 | 7158563 | 56 |
0.125 | 4559735 | 62 |
0.130 | 3840170 | 56 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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CXO (ASX) Chart |