Happened to be watching CXO with the recent price fall post strategic review update to the market as I have CXO on my uranium list. Bought back in which so far not the best move. Preserving cash with delaying capital works and suspending operations is a difficult decision. It also shows management will make hard choices if they deem necessary - which I admire somewhat. I've gone back to website Northern Territory Napperby Uranium Project on its website.
Has anyone heard as to this Napperby project updates. A pivot towards concentrating on such a project if feasible utilizing part of the cash CXO has available given the interest in uranium at present and claims made of a massive structural deficit in supply supported by some pundits might keep the fires easier stoked until lithium rebalances. Interested in others views and if they have more of understanding of CXO's uranium project, especially as they call it an advance project.
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4 | 141618 | 0.097 |
Price($) | Vol. | No. |
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