CXO 7.50% 10.8¢ core lithium ltd

It's already halfway there. Nowhere in the announcement does it...

  1. 163 Posts.
    It's already halfway there. Nowhere in the announcement does it say the share price won't retrace. More news will bring the price back sure. Good news might even get it back above 10c.

    I'm not saying it won't be worth a long term hold - who knows? But there are plenty of reasons for people to sell and not all of them are based on the last announcement or the share price 2 months ago or the possible share price mid next year.

    Is this what you're meaning?

    - Como Engineers are managing metallurgical test work and will provide preliminary
    engineering advice on the Finniss Lithium Project in early 2017
    - Diamond Core assay results from both the Grants and BP33 prospects are expected in
    early December
    - 2 RC drill rigs currently drilling multiple targets at Finniss, with assay results expected
    through December and into early 2017
    - Spodumene Concentrate Metallurgical Test Work results expected in early 2017

    If so it seems logical to sell now and buy back in around 7c in a week or 2 if you expect good results. Bear in mind though that any poor results and the market isn't going to react well.

    Its entirely possible that we won't see the share price above 10c until April or May next year so you can hardly blame people who aren't prepared to 'go down with the ship' like you are for wanting to take their money out and put it in something else rather than take the risk that there will be adequate positive news flow.

    If I recall correctly you said the same crap during the last retrace then were absent once it got under 8c and people got sick of listening to your incessant whining.
 
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