Let's imagine the worst case scenario:
- 2 more significant holes at Grants
- Another Lithium discovery at another prospect
- Around 1.5 times the placement shares traded (approx 100m shares) since placement at over 20% of the placement price (no more CR cloud with $6m and $2.5m virtually certain)
- delayed assays (management say we will see them in the next 2 days)
- Grades are less than current reported grades
Now let's think of the positives:
- more pegmatite discoveries will mean more scale
- drilling continuing at other prospects until late Nov 2016
- diamond drilling program imminent
- new prospect drilling programs imminent
- higher graded assays possible as well as more depth and width and strike length
- institutional buying (clearly happening around 11 cents)
- low market capitalisation (30 cents would be an EV of less than $100m). KDR is valued at almost 6 times the current CXO value may have more lithium based on potential released
- assays due this week
- many more assays until late Dec 2016
- plenty more drilling and potential for discoveries
I could keep going but it seems like a no brainer to average up. I would be very surprised if 15 cents isn't hit by the end of this week. 30 cents is highly possible.
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Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $200.8M |
Open | High | Low | Value | Volume |
9.7¢ | 10.0¢ | 9.4¢ | $1.136M | 11.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 332022 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 148148 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 332022 | 0.094 |
15 | 837125 | 0.093 |
10 | 1139255 | 0.092 |
12 | 835449 | 0.091 |
28 | 1381593 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 148148 | 10 |
0.096 | 337776 | 8 |
0.097 | 407000 | 4 |
0.098 | 407200 | 2 |
0.099 | 356560 | 3 |
Last trade - 14.20pm 17/09/2024 (20 minute delay) ? |
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