Given there are bids for only 1.6 million oppies at present, IF any of the new holders want out in the short term they will have to wait for a liquidity event
eg a spike on good news
which would see CXO share price well north of 4.3c at the time
That of course will depend on the exploration results, if the early exploration doesn't deliver it won't happen but hey they got them for nothing
Meanwhile CXO could rise just on the relative valuations c/w its peers or in anticipation of good results
Cheers
Given there are bids for only 1.6 million oppies at present, IF...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.8¢ | 9.6¢ | $1.222M | 11.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 3180868 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1951653 | 28 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |