If the drilling stops/slows down, CXO are dead in the water. Continual booking of assets is needed for survival in what is proving to be a highly competitive commodity. 5 cents a share capital raise won't mean much if the drilling brings it up >10MT resource, with larger contingent resources in one pit.
Compartmentalised deposits won't get mined.
Then again, I have seen many a good orebody ruined by drilling programs.
If the drilling stops/slows down, CXO are dead in the water....
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Last
9.2¢ |
Change
-0.003(3.16%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 9.7¢ | 9.2¢ | $853.6K | 9.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 671657 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 284157 | 1 |
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| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |
