This is from an article published friday.Could be why we saw the incessant selling today.Thats alot of unqouted options
New all time high coming for Core Lithium
Core Lithium (ASX:CXO) is one of the few lithium miners with an operation expected to come into production this year, a big deal given the massive supply deficit emerging in the lithium space.
Core shares were up 12.4% this morning on no news, rising above 90c for the first time.
Given the company has its head down building its Finniss lithium mine in the NT, the first in Oz outside of WA, the radical buying of its stock this month has been noteworthy and revealing into investors’ enthusiasm for the energy metal.
Investors did exercise 1,541,970 unquoted options at 45c a share, the company revealed today. Lucky them.
Core began construction of Finniss in October last year, with 80% of its production sold under four year deals to Chinese lithium giants Ganfeng and Yahua.
The $89 million mine is expected to hit first production in the December quarter, producing at a rate of 175,000tpa.
This is from an article published friday.Could be why we saw the...
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10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.9¢ | $1.160M | 11.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 334432 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 5164094 | 72 |
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