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5.0¢ cosmo metals limited

CMO General Discussion, page-22

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aliscrazy

3,857 Posts.

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25/03/24

09:30

Post #: 73037555
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Originally posted by theghostwithin: ↑

With accounts due in a few days, wondering where people see cash flow at. Cosmo is on my radar, but to be honest I do not have an estimate of current accounts.

Going by the last accounts produced up to 31 Dec '23, CMO were at a standing financial position of $8,622,786 (slightly lower than the previous quarter).

CMO show a cash burn of $408,768 on that quarter, slightly up (about 5% or so) on the previous quarter.

Since these accounts were produced, the Kanowna gold project has been acquired and I would expect some exploration and drilling would have been undertaken over the past 1-2 months, increasing cost to contractors.

Without taking this into account, CMO should have accounts standing at around 8.214m. Considering 100K or so for drilling, accounts should sit above 8m.

Am I thinking in the correct ballpark?
I am interested in lithium potential within CMO, rather than gold. I believe the lithium market will either turn in the next 2-3 months, or after US elections (if Biden is re-elected), or not at all.

Would love to hear others views whom have far greater understanding of CMO than I.

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No, they will have a bit less than 2.5M cash after placement/RI complete

Last edited by aliscrazy: 25/03/24

CMO Price at posting: 4.1¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 5.0¢		Change -0.008(13.8%)		Mkt cap ! $6.407M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.0¢	$21.18K	402.1K

Buyers (Bids)

No.	Vol.	Price($)
1	25000	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	2653	2

View Market Depth

No.	Vol.	Price($)
1	25000	0.051
2	58357	0.050
1	10639	0.047
1	30000	0.042
1	52680	0.019

Price($)	Vol.	No.
0.055	2653	2
0.056	79197	1
0.057	25000	2
0.058	99416	1
0.059	15000	2

Last trade - 14.09pm 29/07/2024 (20 minute delay)

CMO (ASX) Chart