Have we researched Core Lithium (CXO)?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 09/10/2021

Have we researched Core Lithium (CXO)?

G’Day again, I wonder if you have done any research into CXO? I started buying them at 4.5 cents….. kept buying down to 1.6 and have taken up each SPP. Even after the last SPP at 31 cents my average is 6.6 cents so it’s looking pretty good to me. I did sell about a third when they hit 10 cents….. not real smart in hindsight, but I then held everything at no cost. That was before the latest SPP of course. - Waz

Answer

Hi Waz, well done on this one – a cracker for you.

Sorry we haven’t researched this $635m lithium explorer and it has no broker coverage we can see, although it certainly has some upside momentum. As you know we’re bullish the lithium sector having recently purchased Pilbara Minerals (PLS) for our Emerging Companies Portfolio, this may flow through to this volatile junior player.

chart

Core Lithium Ltd (CXO)

LAST UPDATED 09/10/2021 08:12

Latest Reports

Afternoon report 24/04/2024

The Match Out: CPI dents equity rally ahead of ANZAC Day

Equities followed the US market higher this morning, also adding a little premium thanks to a handful of positive quarterly reports that were announced after the North American markets closed. That all took a back seat as inflation data printed late morning, CPI coming in hotter than expected which sent the market into a spin, falling ~0.6% at the time before finding some relief. In the end, the index closed little changed, a good result given the circumstances though largely thanks to support from the Big 4 banks.

Morning report 24/04/2024

Portfolio Positioning: Bonds fell, dragging stocks along for the ride, both are now basing in our opinion

Bond markets have struggled over recent weeks as inflation appeared increasingly “sticky,” but it hardly registers on the chart compared to their weakness through 2021/2 and mid-2023. We believe the local credit markets have come back to realistic levels as the RBA awaits further economic data to deliver clarity on the underlying strength and direction of the local economy. Traders have gone from being far too optimistic on rate cuts into Christmas to becoming almost pessimistic; the US futures markets have gone from pricing in three cuts to 1.77 cuts, or one definitely, and probably two.