CXO 1.16% 8.5¢ core lithium ltd

80% of investors lose money. They buy high and sell at a lower...

  1. 594 Posts.
    lightbulb Created with Sketch. 3849
    80% of investors lose money. They buy high and sell at a lower price, concerned about saving their hard earned ( by losing it). If you are in to get rich fast, you are also in to get poor fast. If you invest in a good company at below market value, you will always be profitable.
    The real lithium demand story is that 2 to 3 mines had to come on line each year, for the last 4years just to meet demand by 2025. That did not happened.
    There was no lithium oversupply. The Chinese bought 1/3 of SQM then flooded the market with cheap technical grade lithium chemicals. They drove the spot prices down so they could go on a buying spree of lithium companies. Tesla alone would need the current world supply just to meet its own production goals. Now add all the other auto makers, now the power tools, drones, ships, planes, phones, laptops etc. You get the picture.
    Many of you seem to think lithium chemicals can be produced in days based on share prices up and down. At least one year to build a mine, 6 to 12 months for validations. This is on top of surveying, mapping and drilling. The reason SP move up and down is to get people to depart with their money or ownership in a business.
    Don't ever worry about money, governments print faster then you can earn or save. Jobs never run out, they get relabelled, titles get changed. Businesses open and succeed, they also close down in good times and bad times. It's dependent on the management.
    cxo will be producing by years end and current MC is at 2bil, wake up yet. The resources are more than a decade. Why are people selling? Irrational Fear. There is no such thing as buying and selling at the wrong time, they equal each other at the same moment, 1 buy = 1 sell.

 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.5¢
Change
-0.001(1.16%)
Mkt cap ! $183.7M
Open High Low Value Volume
8.4¢ 8.5¢ 8.2¢ $365.8K 4.362M

Buyers (Bids)

No. Vol. Price($)
5 158216 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 986942 19
View Market Depth
Last trade - 10.36am 26/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.