CXO 0.00% 13.0¢ core lithium ltd

I am sure that you realise things do not happen overnight....

  1. 1,968 Posts.
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    I am sure that you realise things do not happen overnight. Bearing in mind that in order to commence production, there are many things which have to be put in place to bring plans into action. Management, I believe has done well in that it has established the following:
    1. Organised capital without borrowing and is now fully funded for capex and day to day financial requirements to proceed with operations.
    2. They have put in place agreements for sale and marketing is not something which should be neglected.
    3.On 28/9/21 they reported that the Primero Group was awarded the contract for engineering, procurement and construction and this is to commence in March 2022. Primero are part of NWH which is listed in the ASX and are a reputable company for such works.
    4. On 26/10/21 they reported that construction commenced and they scheduled for first production in Q4 2022.
    5. 0n 27/1/22 the December quarterly report , stated that early project works on site at Grants commenced plant construction and are on track for first production in Q4 22.
    Shareholders have been kept informed of progress and while the covid has had an impact on every company and more so with mining companies, management is still optimistic of it time frame for deliveries.
    We are now in February and hence we do not have long to wait and lets hope that we see the progress eventuating and we should see the SP moving northwards as we draw closer to Q4.
    Based on current prices, CXO being a low cost producer and the advantage of much lower freight rates to China due to NT's proximity to China and the East Asian Countries, than other producers, profits will be significant.
    This is my opinion and not advice of any kind.
 
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