I guess the market has come to the realisation that a market cap below $100m is totally unreasonable for this stock, which means share prices of 16 cents and lower. CXM is massively derisked operationally and only has some financing risks, which we all know debt financing shouldn't be an issue for them with offtake agreements for full production. So it's not reasonable to trade at more than 55% discount to its DFS NPV, which was based on phosphate prices in a fraction of current prices.
I guess the market has come to the realisation that a market cap...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CXM (ASX) Chart |
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