CXO 5.49% 8.6¢ core lithium ltd

Castillo Copper (ASX:CCZ): Two Prime Lithium Projects Secured, page-5

  1. 2,741 Posts.
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    IMO this shows that Stephen Briggs continues to be focused on what Core needs to do now - complete the FID, explore its existing tenement to extend the mine life and decide whether or not to exercise the option over the tenement over which it has options.

    The vendor that provided CCZ the option over this tenement is highly likely to have also shopped this option to Core also. Core has good cash and just got more than expected by expanding the size of the retail offer. Only a fool would have dismissed Core as a potential acquirer as they are known to be interested in expanding their resource and have cash. I'd therefore have to assume SB had the chance to be distracted and take up this option. He didn't and that's good news - he continues to be focused on the important stuff of the FID and exploring what is already controlled.
 
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