Running discussion on CXO 2023

[CashKing]

Here is a thread to discuss anything CXO related..

Seems some stop losses got hit hard this morning early, the buy/sell ratio was nuts.



Watch the TOP 20 around here if we get reports like that otherwise I can ask BOD etc to disclose them..


Obviously Im new here I bought at $1.50 after a 20% drop in 1 days a while back thinking wtf markets out of control these guys are about to send some produce out… So since that I’m 51% down until today i just double down today…

Anyway CXO Announcements are great BP33 More than Doubled, Yahua etc and only more to come..


The agreements for the sale of approximately 18,500 tonnes of spodumene are in addition to the existing binding agreement to sell Yahua 300,000 tonnes over four years.

Easy money and still drilling Bring on some more hits

A massive future ahead for CXO

GLTAH

 

[CashKing]

Here is a thread to discuss anything CXO related..

Seems some stop losses got hit hard this morning early, the buy/sell ratio was nuts.



Watch the TOP 20 around here if we get reports like that otherwise I can ask BOD etc to disclose them..


Obviously Im new here I bought at $1.50 after a 20% drop in 1 days a while back thinking wtf markets out of control these guys are about to send some produce out… So since that I’m 51% down until today i just double down today…

Anyway CXO Announcements are great BP33 More than Doubled, Yahua etc and only more to come..


The agreements for the sale of approximately 18,500 tonnes of spodumene are in addition to the existing binding agreement to sell Yahua 300,000 tonnes over four years.

Easy money and still drilling Bring on some more hits

A massive future ahead for CXO

GLTAH

A bit of a turn today everyone, Touched 80c let's hope yesterday was the bottom and onwards and upwards from here.

GLTAH

 

[Wags]

A bit of a turn today everyone, Touched 80c let's hope yesterday was the bottom and onwards and upwards from here.

GLTAH

Patience will prevail and be rewarded here IMO.
I read somewhere yesterday that CXO was in the top shorted stocks, along with BRN and SYA, which I also hold with high confidence.
Hoping the turbulence settles and these get a bounce and rerate.

 

[CashKing]

Nice to see some green off the back of today's LTR announcement

Hopefully it's a wake up call sector wise..

GLTAH

 

[Wags]

Nice to see some green off the back of today's LTR announcement

Hopefully it's a wake up call sector wise..

GLTAH

A fair chunk of green at that.

 

[CashKing]

Hey boys and gals, got this if Besh from another thread here.

I’ll pop it in for those that are interested..

 

[Uglybob]

What's the story on this one? Highly shorted (>10%) but is now producing and shipping Spod. Not quite $100m worth from sales coming into the coffers from the first few shipments between April to July, which is around 7% of the MC.
I'm confused...

I'll admit, I've only had a superficial look after seeing how high up it was on Shortman. Just curious about it.

 

[Wags]

What's the story on this one? Highly shorted (>10%) but is now producing and shipping Spod. Not quite $100m worth from sales coming into the coffers from the first few shipments between April to July, which is around 7% of the MC.
I'm confused...

I'll admit, I've only had a superficial look after seeing how high up it was on Shortman. Just curious about it.

Gidday Ugly

I'm also confused, when you work it out let me know will you.
I don't understand the length of time with this retrace either, I agree with you, and thought we would be pinging by now (April).

 

[CashKing]

Nice little tease today boys and gals..

Seems like we are heading in the right direction..

Total Finniss Mineral Resource Estimate increased by 62% to 30.6Mt @ 1.31% Li2O

• Measured and Indicated Mineral Resource increased by 46% to 19.4Mt @ 1.37% Li2O

• Significant increases to known deposits and additional new deposits included in the Mineral Resource Estimate

• Expanded 2023 drilling campaign targeting further significant Resource growth has commenced
GLTAH

 

[Wags]

Good News Not Finnissed Yet for Core Lithium​

By Glenn Dyer | More Articles by Glenn Dyer
MORE CORE LITHIUM LTD CONTENT


The numbers for Core Lithium’s Finniss project in the Northern Territory keep getting better – so much so that it has doubled the drilling budget this year from 2022’s spend as it looks to expand the size of the known resource at the prospect.
Core said Wednesday that its 2022 campaign had resulted in a 62% boost to the mineral resource estimate (MRE) at Finniss.
The MRE had increased to 30.6 million tonnes at 1.31% Li2O (Lithium Oxide) which “represents a 62% increase on the previous MRE of 18.9 million tonnes at 1.32% Li2O announced in July 2022,” Ciore told investors on Wednesday.
The news saw the shares rise 3% to $1.02.
The Measured and Indicated Resource categories have increased by 46% to 19.4 million tonnes at 1.37% Li2O. “Approximately 63% of the MRE is in the higher confidence Measured and Indicated categories, with excellent conversion of Inferred to Indicated,” Core said in the statement.
The 2022 drilling program was the largest that Core has completed to date and showed significant potential for extension of the Finniss project.
These results show significant potential for mine life extension at Finniss, and work is now underway to complete an updated Ore Reserve Estimate.
Core said it has started drilling for 2023 at Finniss and aims to deliver further significant increases to the total Mineral Resource.
The Company has allocated $25 million to the 2023 program, nearly double the budget allocated for 2022.
“This significant increase to the Finniss mineral resource is a fantastic outcome for Core and our shareholders,” Core Lithium CEO Gareth Manderson said in the ASX update on Wednesday.
“The 2022 drilling campaign was the largest in Core’s history, and these outstanding results are a credit to the exploration team.
“Through the targeted and systematic drilling of known and emerging deposits, the company has further highlighted the prospectivity of our landholding in the Bynoe Pegmatite field and the strong potential for life of mine extensions at the Finniss lithium operation.
“Our exploration team returns to Finniss in 2023 with a pipeline of new and existing deposits. The success of the 2022 exploration program is a strong endorsement of our near-doubled 2023 exploration budget as we target growth at the Finniss lithium operation.”
Core said it had recently appointed a Study Manager to identify and study potential mining options and deposit sequencing from the “exploration program results with a view to the establishment of a clear growth pipeline at Finniss. Carlton and the Northern Area of Finniss will be an initial focus.”
The Company will soon start geophysical surveys “specifically designed to identify large blind pegmatite bodies within the fertile corridor of spodumene-bearing pegmatites. Drill testing of these targets is expected to occur in the second half of 2023 as part of the expanded $25 million program planned for this calendar year.”
Core has already started exporting from Finniss.