It is important to remember that compared to companies like KDR, PLS and NMT we are still at the discovery/define resource stage where we have seen again and again exponential increases in the SP as the resource is proved up.
Given what we have found so far(quality of spodumene-battery grade!) and what is expected from Zola and Ringwood (each compared to Greenbushes in size), as well as the relatively low number of available shares-being cashed up to drill with no CR necessary(no dilution), and an expectant DSO deal giving us even more funds, the cost-competitive advantage of Darwin, demand for lithium both in EV's(Volvo going all electric by 2019!) and storage, and a battery storage gigafactory being set up in Darwin (feedstock from CXO?), I consider anything under 10c an absolute bargain.
AIMO
P.S.
This buying, reminiscent of what occurred pre our great results last year, except this time where drilling the monsters! Where there's smoke there's fire! Who knows where this will go!
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $262.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $1.777M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49472 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 659 | 1 |
View Market Depth
| Last trade - 15.59pm 13/08/2025 (20 minute delay) ? |
| CXO (ASX) Chart |