CXO 8.79% 8.3¢ core lithium ltd

The rum jungle story … yukMost Rare Earth stories … triple yukI...

  1. 6,669 Posts.
    lightbulb Created with Sketch. 1545
    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? rolleyes.png

    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.

    https://hotcopper.com.au/data/attachments/1977/1977403-1b58f3addca54d44f63ec8038be3b4e5.jpg







 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.3¢
Change
-0.008(8.79%)
Mkt cap ! $177.3M
Open High Low Value Volume
9.0¢ 9.0¢ 8.3¢ $4.722M 56.06M

Buyers (Bids)

No. Vol. Price($)
3 1606055 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 110070 6
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.