CXO core lithium ltd

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Banter and general comments, page-40281

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Dancing

5,130 Posts.

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10/05/25

19:39

Post #: 78994239
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Originally posted by SP: ↑

40c in 2 years, I don't think so.

The MRE resource update is expected soon, as the last two updates were released in April. Adding another 15MT to reach approximately 65MT would be fantastic. Remember Blackbeard had excellent intercepts.
The Restart Study is due within the next two months this quarter. It's puzzling why Core would spend $20M to gain full infrastructure ownership and leave a cash balance of around $15M. However, I'm confident Core will deliver significant benefits. The spodumene price has dropped from $850 to $750 in the past month, which might affect Grants' strategy.
BP33 funding is a major catalyst, and the Restart Study will provide context for BP33 investment. It was encouraging to see LTR receive a loan from the Australian Government; I say there's hope for Core!

I think Mr Paul Brown is about to deliver some very significant announcements.... one after another.
As always DYOR.

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LTR received an interest free loan from the WA Government.

Cash balance will be $10M by 30/6/25, and a CR will be needed by Q3 or Q4 depending on whether they sell the remaining spod and fines.
Last edited by Dancing: 10/05/25

CXO Price at posting: 7.0¢ Sentiment: Sell Disclosure: Not Held
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