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9.8¢ core lithium ltd

They were very clear in the quarterly that a capital raise would...

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barneydigs

6,696 Posts.

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07/08/24

19:06

Post #: 75114617
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Originally posted by 1Abobo: ↑

CXO is now back to a junior explorer company. It is anyone's guess when the Lithium market will pick up.It is not helpful as new supplies come onto the market and current low cost miners are increasing their output to lower their production per ton costs.
All CXO's stockpile had been processed and WHEN the lithium prices recover sufficiently for mining to resume, CXO will have to do a capital raising to recommence mining and processing the ore..For other low cost miners like PLS, any recovery of the Lithium price will go straight onto the profit line.
It is hard to evaluate what the existing cold-storage Finnis mine equipments/infrastructure is worth and at what Lithium price will it be feasible to re-commence operations.
Time for shareholders to re-evaluate whether to switch to other low cost Lithium miners whoc are still cashflow positive at current price.

Good Luck to shareholders.

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They were very clear in the quarterly that a capital raise would not be required to restart the mine.

CXO Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.000(0.00%)		Mkt cap ! $210.0M

Open	High	Low	Value	Volume
9.7¢	10.3¢	9.5¢	$2.427M	24.77M

Buyers (Bids)

No.	Vol.	Price($)
2	62000	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	314028	3

View Market Depth

No.	Vol.	Price($)
2	62000	0.097
8	1776602	0.096
33	2972167	0.095
7	741295	0.094
9	299720	0.093

Price($)	Vol.	No.
0.098	314028	3
0.099	229124	4
0.100	968675	11
0.105	4519522	36
0.110	4141069	49

Last trade - 16.10pm 18/11/2024 (20 minute delay)

CXO (ASX) Chart