CXO is massively misunderstood by the real punters. Management have been upfront from the start that they wanted to build a minimum viable product operation, then build on that. And that needs a lot of capital to make that happen. It's an entirely different business model to PLS who built a fully functioning long life operation from the start, and then will expand using the cash flows they're generating. Huge difference. The current resource CXO is mining from is <3Mt for crying out loud. They need the capital to push into the good stuff at 33.
Class action, page-8
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Last
10.5¢ |
Change
0.010(10.5%) |
Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.5¢ | 9.3¢ | $1.548M | 15.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 281174 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2956840 | 32 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |