CXO 2.22% 8.8¢ core lithium ltd

Do not know, just guesses. Weekend announcement? Core's PR team...

  1. 234 Posts.
    lightbulb Created with Sketch. 396
    Do not know, just guesses.
    Weekend announcement? Core's PR team is from the west (WA). And WA have a reputation to uphold, not called the (W)ait (A)while state for nothing. . PR team working on weekend?, depends if free feed and drinks IMO.

    However, should be due some announcements this week.
    - Had project update announcement 17 May, 21 June, nothing specific in July, although had BP33 and Digger & Dealers preso in which referred to project ticking along nicely (maybe no worthy pics to include, ie hole getting deeper, some footings in ground, etc. WHOOPEEE). So after we saw pic of concrete being poured with steelwork and nice blue tank within steelwork last week, there maybe some PR opportunities for a nice project update story (sorry for being cynic just thinking PR wise and need lovely pics).
    - And performance share options were given last week, for what? IMO usually get announcement when new shares awarded, helps to balance the news good vs bad .
    As for Tesla deal, a poster did note Tesla Chairperson was in Canberra for EV conference last week, so. ??? Coincidence or??.
    I just hope in any future agreements with Tesla, Core does not give too much away. Yeah sure, some equity may be nice (some "skin in game" to avoid flip/ flop, aka Twitter & Machester United ), have no problems with supplier/customer good relationships, etc. Am just unsure what Tesla bring to table, ie offtake agreement - 100%, good customer - 100%, prestige - 100%. Core should be cashed up, $1.5+B in free cash over next 2-3 years should buy a "Rolls Royce version" LiOH plant, and providing Core / Primero relationship has/ is good then expertise there, and in Oz have now built/ing 2-3 LiOH plants so some experience.
    (A couple months back I read, skim read, a LiOH scoping study for USA plant, written by Primero USA (my calling), and I noted last week that NWH Holdings (parent company of Primero Oz) were opening a Houston Texas office to facilitate downstream work on EPC (or similiar) LiOH contract. My conclusion, Primero USA = Primero Oz, so expertise is there?. Do not know who is doing Core scoping study? , but... Could be good overlap, build one in USA, then one in Darwin. ) So hopefully Core are bold and go for it, have my approval, and I own 0.0000000.....00001% of this Company
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.8¢
Change
-0.002(2.22%)
Mkt cap ! $188.0M
Open High Low Value Volume
9.0¢ 9.0¢ 8.6¢ $1.020M 11.56M

Buyers (Bids)

No. Vol. Price($)
3 611323 8.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 680228 4
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.