Cash is King, I don't disagree. With all the tensions around the globe, the market could do anything, and CXL's meaningful revenue is some time off, which may be needed to baseline the shareprice.
That said, if CXL was valued on it's existing commercial business, then the price would have gone down from 80c, 3-4 years ago, not up.
Everything will depend on the market sentiment on carbon capture, in the context of the broader market outlook, and any new commercial announcements.
All IMO, please DYOR and GLTAH.
Running discussion on SP, page-49
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Last
$1.02 |
Change
-0.030(2.87%) |
Mkt cap ! $184.3M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | $1.00 | $658.8K | 648.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14772 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 24825 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| CXL (ASX) Chart |