"Because this could turn around quickly when lithium prices rebound". - THIS.
Below graph from recent investor presentation. SP rise/fall closely correlates to rise/fall of Spod Concentrate.
Even looking at broker consensus for future prices, you're probably looking at a doubling in current price - back to say 30c (roughly!!!).
So yeah, if 30c sounds tasty for your current scenario (hold or invest), then keep going.
Also though, investor prezzo talks of another cap raise to get BP33 off the ground if it's worth digging. so some pro's and con's to consider.
Give Reason to hold or invest in CXO, page-31
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $262.5M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.0¢ | $2.840M | 21.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 80 | 7078438 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1474449 | 37 |
View Market Depth
| Last trade - 15.20pm 08/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |