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CXM

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Riglife

3,465 Posts.

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09/03/23

00:53

Post #: 66667644
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Originally posted by Happ: ↑

Interesting view...though I don't think AUD phosphate price is going to be affected that much for the following reasons:

1. Climate change / green policies in the west will support LFP battery demand growth which is starting from a low base.

2. If Fed kills the economy by propping dollar through interest rates we are going to see a significant favourable decline in AUDUSD rate. RBA just can't increase the rates much further due to mortgage cliff in June, unlike Fed.

3. Cattle and phosphate are two different beasts. People who eat meat can always go back to the simple diet of fruit / veg / grains. This would pull the rug from under cattle prices. But people cannot go without basic food. Phosphate is essentially a staple in that regard in the same way as wheat.

Obviously, we could all go fish for that 200-900kt of carp in the Murray and either eat that or use it as fertiliser but by that time CXM would have completed stage 1.5 out of cash flow

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Australian dollar is going down against the US which is great for exporters.

CXM Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 3.8¢		Change -0.001(2.56%)		Mkt cap ! $32.91M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.6¢	$30.32K	814.5K

Buyers (Bids)

No.	Vol.	Price($)
1	1600	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	3229	1

View Market Depth

No.	Vol.	Price($)
1	250000	0.037
2	197619	0.036
3	152329	0.035
2	63383	0.034
2	180333	0.033

Price($)	Vol.	No.
0.039	3229	1
0.040	403817	3
0.041	19973	1
0.042	98833	2
0.043	385739	2

Last trade - 15.34pm 04/10/2024 (20 minute delay)

CXM (ASX) Chart

General discussion, page-1189

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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General discussion, page-1189

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News