A lot of talk about a possible CR again in the future. I highly doubt it, as much as I'm not real happy with current management, I can tell you they are smart enough to make sure they don't kill this cash cow. CXO has a great relationship with our off take partners if we were short of cash to develop BP33 I'm pretty sure Gareth would be on the phone straight away and organise another deal like the last one, where they advance us the money for upcoming deliveries.
This company will not go into debt and the shares have been watered down enough. It is a shame to see the share price decimated but like everything else this to shall pass. The demand for Spodumene will only increase into 2030 so if your don't need to cash out now, you will be ok long term.
Just my opinion.
GLTAH
Banter and general comments, page-34201
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $320.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.8¢ | 14.5¢ | $3.130M | 20.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1318338 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1101958 | 28 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
15.3¢ |
Change
0.005 ( 7.09 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 15.8¢ | 14.5¢ | 8286524 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| CXO (ASX) Chart |