Team,
I think it’s about time shareholders start to understand the dynamic of the lithium market and the real potential for CXO being a takeover target, especially now with a resource increase.
What we don’t want Is a position where a takeover comes in early and undervalues the stock (have a look at LTR)
It would be great to get feedback from other shareholders with respect to the position and what it means for the company.
In my opinion CXO is currently trading at a significant discount to any potential offer that could come through, the stock hasn’t been revalued by any means in comparison to the size of the resource as well as the future potential increases as well.
Would love to hear what other holders thoughts are, including any indicative valuations in comparison to peers.
Takeover target
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $267.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 11.5¢ | $2.025M | 16.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1779853 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 7625975 | 76 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |