CXO 0.00% 10.5¢ core lithium ltd

Curious to hear some thoughts on how we think CXO will be...

  1. 189 Posts.
    Curious to hear some thoughts on how we think CXO will be impacted if the global economic situation continues to get worse. We had $4m in cash at the end of 2019 and next to no debt. It could be seen as a blessing that we haven't yet got full approvals and financing, as we might have found ourselves in a difficult position trying to sell our lithium and pay off debt given the way things are looking. I think best case scenario at the moment is that markets settle in a few months and coronavirus doesn't turn out to merit the hysteria. However there's a very real prospect that market conditions will get worse.

    Curious to hear people's thoughts as to what will happen to Core in 2020. Do we slow down completely and restrict cash burn until conditions improve? Will another capital raising be needed soon? Will this have any impact on the lithium supply glut which many have predicted to last into next year?

    Have held this for a couple of years and don't plan on selling, not really trying to ramp one way or the other.
 
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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