CXO

4.17%

11.5¢ core lithium ltd

The analyst believes that 25kt will be shipped, but it noted...

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Whisky49

13,526 Posts.

4614

01/11/22

14:05

Post #: 64524557
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Originally posted by BPLithium: ↑

Haahaaa... there must be a lot of 'non-believers' at Maccas Bank. Obviously didn't read or hear the sermon..'... and on the last month of the financial year, there will be 79kt shipped...'

@whiskey49 a 'good analyst' should never be conservative, have a 'most likely' scenario and apply sensitivity analysis, +/- % to main variables (in this case shipped product) to check the veracity of the most likely assumption. For the +% case, a read or quick call to Core should have raised some doubts. Yeah, could assume overly optimistic, unbelievable, etc but a note to cover the assumptions of the most likely scenario is good practice. "The analyst believes that 25kt will be shipped, but it noted that Core has expectations of this being 79kt' type thing.

And the projection of a 'ramp up' of concentrate production to take 1+ years, (Spod quaterly production June 23 @ 5kt, Sept 23 @ 12kt, Dec 23 @ 20kt, Jun 2024+ @ near capacity (approx as graph hard to read) is a bit hard to believe. Its a 'relatively simple' gravity DMS process, yeah full recovery may take longer as quoted numbers are based on bench testing, and reality or 'actual in the ground' values will differ. Come on, 1+ years as a 'most likely scenario', where is their data to show this?

IMO. the guidance is filled with inaccurate assumptions, 'show me the data' !!!!

You may ask do I care? Don't care about Macca's professionalism (for APRA = banking licence), but is now impacting me (or my wallet). So time to 'show the way' and enlighten the 'non-believers'. Maybe a better cost benefit ratio (for me) is enlightening Maccas, and not the 'true believers'.

Here we go again, another David and Goliath battle, or for me its more of a 'Don Quixote' fight. Time to contact Maccas.

'Onwards Rocinante', its off to battle we go

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The analyst believes that 25kt will be shipped, but it noted that Core has expectations of this being 79kt' type thing.

Yes there is certainly a lot of discrepancy in the two charts below, CXO at the top...

Cheers Whisky

CXO Price at posting: $1.45 Sentiment: Buy Disclosure: Held
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Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $246.4M

Open	High	Low	Value	Volume
11.5¢	12.0¢	11.3¢	$1.220M	10.57M

Buyers (Bids)

No.	Vol.	Price($)
110	6252092	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	695532	1

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No.	Vol.	Price($)
94	5150657	0.110
59	4896261	0.105
119	9106628	0.100
9	429348	0.099
14	681902	0.098

Price($)	Vol.	No.
0.115	695532	1
0.120	1696737	20
0.125	1855435	21
0.130	3049128	50
0.135	1863275	32

Last trade - 16.10pm 04/10/2024 (20 minute delay)

CXO (ASX) Chart

The analyst believes that 25kt will be shipped, but it noted...

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BCI reaches close of funding facility for salt-first part of Mardie project

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The analyst believes that 25kt will be shipped, but it noted...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News