CXO 3.57% 54.0¢ core lithium ltd

Ann: $6m Modern Manufacturing Initiative Grant, page-50

  1. 1,963 Posts.
    lightbulb Created with Sketch. 1541
    Firstly, free money, yay!

    100% agree JWT. I would build the processing plant anywhere BUT Middle Arm having seen the TNG fiasco unfold. So glad I bailed on them around the 11c mark and sunk that money into CXO. I feel sorry for holders who continue to show belief in the inept MD Paul Burton.

    You're talking acid leeching, roasting etc., lots of chemicals and potential pollution issues. Probably not as bad as TNG's but still a huge issue. Massive amount of kickback from locals who don't want anything built in Middle Arm. I think it's a waste of time even looking into it at that location. Support from the govt means nothing up there. TNG were actually allocated the land by the NT govt, who then turned around and questioned its suitability! lol.

    I'd prefer we looked into Outotec's alkaline based processing technology, it's much more environmentally friendly.,c3376326

    The Perth plant was predicted to cost $700m but blew out to $958m and rising.

    Can you really see Core raising that kind of money to get a hydroxide plant up? Even a smaller one is likely to cost half a billion $.

    I repeat though, "Free money, yay!"
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Mkt cap ! $900.6M
Open High Low Value Volume
56.0¢ 58.0¢ 54.0¢ $9.004M 16.10M

Buyers (Bids)

No. Vol. Price($)
78 986530 54.0¢

Sellers (Offers)

Price($) Vol. No.
54.5¢ 345650 5
View Market Depth
Last trade - 16.10pm 26/11/2021 (20 minute delay) ?
-0.020 ( 2.33 %)
Open High Low Volume
56.0¢ 58.0¢ 54.0¢ 5385505
Last updated 15.59pm 26/11/2021 (live) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.