good afternoon all,
pretty poor showing from cxo today, so I thought we could go round the grounds and get every ones take on it.
Was away from the screen from mid morning when it was trading at 0.175 so a bit shocked to see it down at 0.13 at close.
what drove today sell down?
(a) management releasing price sensitive information via the Directors presentation without a trading halt?
(b) the fact WTDD003 and WTDD005 showed no significant assays?
(c) the fact we have to wait until mid May for the remaining essays to be received?
Personally I think it was poor form on behalf of the Directors not putting CXO into a trading halt first thing this morning.. but other than that, unless you sold on WTDD003 & WTDD005 results.. i'm not sure what else drove the action.
If i've missed anything in the announcements by all means fill me in.
Cash looks ok at $3.1m and with pending assays due in May perhaps this is a good entry around 0.10-0.13?
good afternoon all,pretty poor showing from cxo today, so I...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.3¢ | 11.5¢ | $1.271M | 10.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 6581582 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1291003 | 15 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |