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22:34
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Originally posted by nkl
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Only hope I see is if story of CXO (Core Exploration Limited) is also repeated in DKO (Dakota Minerals Limited) case as well. CXO share price rose to 52 week high of $ 0.064 on 20-Apr-2016 on high grade Lithium expectation but its drilling results was perceived negatively by market. It was dumped badly and reached $ 0.022 on 30-Jun-2016; fall of almost 65% from peak. Market has since digested & interpreted its drilling results and it has risen approximately 68% (from $ 0.022 low on 30-Jun-2016) based on 15-Jul-2016 closure price of $0.037. If market is still not ready to accept the Phase-1 & 2 drilling results of DKO and share price does not recover 65-75% in next few days, then there is high chance that there can be massive sell off in Pilbara Minerals Limited (ASX: PLS) and Altura Mining Limited (ASX: AJM) share prices as well as all three (AJM +DKO +PLS ) are having Lithium prospects in same Geographical zone; it matter of time sentiment flowing through.
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CXO have not drilled any holes to date on any of their 3 lithium projects, maybe you are referring to the rock samples of weathered spodumene.
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