The opposition unfortunately will criticise the government for circumstances beyond the government's control just to try and earn some political points. Companies are run on business lines and their purpose is to make money and increase share holder value. Core has done its part in providing employment and also doing community work. It has to make cut backs to continue as a going concern in difficult times. The lithium prices are not going to be at this low price for long and will rebound. This phenomena is typical of commodities.
Government will also cut back on projects when their revenue falls as we have experienced and there are decisions made which may not be popular but necessary. The opposition will criticise but not offer no practically solutions. if you see the article and the comment made by the opposition leader "if elected next year" and then offer a territory coordinator to fast track projects and cut approval times. If this is their solution then it is impractical and creates another tier in the government bureaucracy which is what should be avoided. in order to promote industries, government should improve the infrastructure which will be an incentive for companies to invest in the Sate. Core has the advantage of having a sealed road to the port and this cuts time and costs.
Let's not be carried away by newspaper headlines as the press has a knack of sensationalise news to sell its papers.
- Forums
- ASX - By Stock
- Banter and general comments
The opposition unfortunately will criticise the government for...
- There are more pages in this discussion • 2,726 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 14.0¢ | $307.3K | 2.175M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 1373855 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 2599810 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 759940 | 0.140 |
67 | 3172964 | 0.135 |
65 | 2775067 | 0.130 |
26 | 930438 | 0.125 |
38 | 1192134 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 2320582 | 26 |
0.150 | 2593272 | 61 |
0.155 | 3194806 | 49 |
0.160 | 3089800 | 45 |
0.165 | 1287751 | 35 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
14.3¢ |
  |
Change
0.000 ( 1.64 %) |
|||
Open | High | Low | Volume | ||
14.0¢ | 14.5¢ | 14.0¢ | 1855690 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
CXO (ASX) Chart |