Another point is that CXO (and also LLL's neighbours in Africa) are producing DMS product, which would reduce CAPEX... But LLL's parent companies pursued the floatation route. I note in CXO's quarterly that they are looking at this now. (Disclaimer; I hold both CXO and LLL)
44bzr2sw1k8439.pdf (asx.com.au)
448l3y2671pnsm.pdf (asx.com.au)
Another point is that CXO (and also LLL's neighbours in Africa)...
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