Short term funding secured

I think this capital raise is the event which should now see the stock trade higher as it was fairly evident that they would have to top up on capital sooner rather than later.

Only 13 odd million shares issued and an extra $900k in the bank which should see them through to the end of the year.

What I like about this company is that all of the money spent goes into enhancing and creating shareholder value through the JV's they have in place relating back to their technology.

No money goes out the door in "land holding costs" and yearly tenement rentals.

CXB is shaping up as a seriously great leveraged play to the lithium space, a space that I think is only going to get more and more attention. The market clearly likes the potential of it's Cinovec project (50/50 JV with EMH) and that's only one string to their bow.

I think this pullback created short term as a reaction to the placement is an opportunity to accumulate,

DYOR