G'day artic
The shares will be released from voluntary escrow after march 7.
My understanding, and someone please correct me if I'm wrong, but all that is happening here is the 13mil shares are effectively leaving CXOs hands, and entering LTRs hands. It will then be at LTRs discretion to do with the shares what they will.
They may choose to sell them quickly, as they are a bit light on cash, or, they may wait until BP33 estimate, grants resource upgrade, PFS etc and then sell at (what should be) a SP a decent way north of current, or, they may go long on cxo and look to capitalise when we are mining.
Time will tell...always does
Pirra give me back my phone!
CXO CAN IT GO, page-49
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $2.972M | 26.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 7095194 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 131520 | 4 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |