The 13m shares LTR holds would be absorbed very quickly on the market because in reality its not a big percentage of the total volume of CXO shares. If LTR were truly needing funds, they would feed them out given the substantial drilling program for the balance of the year by CXO in prospective ground in which case spikes would be smoothed for the chartists and look more like a sustained run. Or they will offload them to a long term interest wanting to add to or get a foothold in CXO given the prospects of CXO remain positive. So I don't see this as a problem for CXO if the prospective ground delivers the goods. That's the issue and CXO is well funded to drill.
The 13m shares LTR holds would be absorbed very quickly on the...
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |