danger for CXO shareholders., page-26

I did read that live wire article where it has some merits
its really just another opinion

the oversupply is real it took me some time to get that into my head ,
it’s now well and truly confirmed with some of the majors contemplating cutting back production

agree we are just at the start of the EV journey

and the same can be said for lithium supply
with new mines new technology coming on board all the time ,
that demand will be met
I can see the lithium price where it is now staying around these levels for years ,

which means only low cost producers with quality product will be making money ,
and unfortunately CXO won’t be one of those it will be quite the opposite ,
unless there is some miracle happens and things turn around how they can do that with small resources scattered all over the place I don’t know factor in what looks to be a four month lay off each year , which will create its own set of problems with labour and machinery contractors in mining it’s not that easy to turn on turn off at Will

there is no way possible to build the new mine without a Cr or some other debt facility
who would give them more money ?
last raise at 40 cents todays share price 26 cents

i don’t care what spin some of these muppets put on it things don’t look rosy for Cxo at present