It seems that CXO management is proceeding with the mine development which is very expensive. Building production facility right from a scratch will cost a lot of money. Not sure economic viability of Grant lithium deposit.
Appointment of GM is just the beginning of expenses. Funds could otherwise be directed for some other sensible exploration and evaluation.
DYOR
Huge expenses
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $307.3K | 2.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1373855 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 2599810 | 32 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
14.3¢ |
Change
0.000 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 14.0¢ | 14.5¢ | 14.0¢ | 1855690 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CXO (ASX) Chart |