The rum jungle story … yuk
Most Rare Earth stories … triple yuk
I took the attitude that the Lithium Sector would struggle until 2021, given too many miners jumped in early laden up with debt, who can only get a pittance for their product, inevitably resulting in massive CR and dilution to shareholders. Add to that, quality issues resulting from impurities and the thin strips of lithium getting dug out of the ground.Of course (so far) I was completely wrong, but the year isn't over yet.
The delay in the MMP for CXO may strangely enough end up being a blessing in disguise. Have a look at how well that mob in the DRC are starting to travel now that Mr Market is finally starting to believe they will actually go to mine.
Good to see Rum Baby keeping you all honest. Maybe he's taking the opportunity to top up at these low prices?
Anyways, I'll drag out the good old "fan theory" for the umpteenth time. Maybe this time it won't make me look so silly when it eventually breaks that downtrend line.
Hang tough everyone. The sector's turning.
CXO Chart, page-615
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $942.0K | 8.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 3628793 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2326506 | 24 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |