From my research I have found that one reason VUL is being shorted is due to unrealistic flow and production rates meaning the project will not be profitable and will fail. NEXT were spooked and sent an email trying to call their subscribers to arms yesterday
How will the impact CXO? Well my THEORY is that investors in VUL will be spooked and this COULD lead to an inflow of investors to CXO, and other Lith companies.
Additionally COP26 begins tomorrow, hopefully this also leads to positive SP action for CXO
All my opinion, please DYOR.
Banter and general comments, page-5115
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |