Genuinely, you are almost definitely not gonna see it dip to 50 cents. In fact my bet is that we hit a new high tomorrow and we'll continue to power towards new highs by years end.
But the flipside of this is that as Gur97 said, you're almost certainly going to see this thing continue to power up if you jump on with what you can now. CXO is only just starting to hit a stride here. My advice is even if you don't get as much in the way of shares as you wanted (who ever does to be honest), getting onboard now is still going to net you some serious profits if you are smart enough to hold onto it through any dips for the next year.
1 year from now you will be eligible for a 50% capital gains discount. This company would have moved from Explorer to active producer in a market which is facing even worse lithium shortages than it is now. The Spod price will continue to climb drastically, raising the profits we expect by a few more bags for each year we are in production. They are drilling right now and are likely to announce drill results in the next month or two. They will continue to find and shore up the total reserves more and more with 30 million in drilling money behind them nevermind the 36 million in oppies they are probably getting at the moment from sophisticated investors from the CR earlier in the year and the Gold as Gur97 said is in itself possibly likely to light a firecracker under the SP in future.
My honest advice is buy and for god's sake hold. But DYOR and make the decisions that are right for you. I am just a random guy off the internet after all.
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 14.0¢ | $435.0K | 3.092M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 1229973 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 4365131 | 53 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 1229973 | 0.140 |
72 | 3446559 | 0.135 |
68 | 2863001 | 0.130 |
25 | 833398 | 0.125 |
44 | 1372966 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 4361381 | 52 |
0.150 | 2592309 | 61 |
0.155 | 2545301 | 49 |
0.160 | 3102345 | 45 |
0.165 | 1416406 | 36 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
  |
Change
0.000 ( 0.92 %) |
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Open | High | Low | Volume | ||
14.3¢ | 14.5¢ | 14.0¢ | 3350539 | ||
Last updated 15.59pm 06/05/2024 ? |
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