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Have we researched Core Lithium (CXO)?

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

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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.

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Core Lithium Ltd (CXO)
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