Core Exploration Limited - CXO (round 2)

Discussion in 'Stocks & Derivatives' started by heartastack, Sep 9, 2016.

  1. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Highest grade Spodumene intersections ever drilled in the Northern Territory
    This is a very good stock
    Im up nearlly 300 percent in 10 days.
    Time to sell a few and buy some Bars of Silver
     
  2. southerncross

    southerncross Well-Known Member Silver Stacker

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    Don't unload too much just yet, still a loong way to go yet.
    1 km off a sealed road with power lines passing and only an hour to Port, this is a dream stock.
     
  3. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Sold out the Heads in CXO. Got back my initial investment plus 2 kilos of silver and just bought 76000 shares in LRT with the change. Done this all in 10 days. Keep an eye on LTR , bought at .037 cents per share and they own land adjoining CXO.
    Will be glad to get back to work tomorrow where i have no access to my Share trading account :D
     
  4. southerncross

    southerncross Well-Known Member Silver Stacker

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    Nice work aussie, :)
    LTR will get some nice nearology rise, but CXO has the largest footprint over the best ground in the area and is yet to drill the best part of that at Zola, this will climb like KDR and PLS once they get drills turning on that deposit.
     
  5. olifrated

    olifrated Member Silver Stacker

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    Does anyone know if us mere mortals are going to be able to purchase extra shares in the CR @ 9c ...... if we are when is the cut off date and is anyone else interested
     
  6. scrooged

    scrooged New Member

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    "Core Exploration Limited (Core or the Company) (ASX:CXO and CXOOA) is pleased to announce that it
    has received firm commitments to place approximately 67 million new shares at an issue price of
    A$0.09 per share to raise approximately $6 million, excluding costs (Placement).
    The Placement was heavily oversubscribed, with strong support received from professional and
    Australian and international institutional investors, reflecting the significant new interest in Core
    following its recent high grade lithium discoveries at the Finniss Project near the port of Darwin in the
    Northern Territory. Hartleys Limited is Lead Broker to the Placement"



    In order to ensure retail shareholders are able to participate, the Company is pleased to announce a
    Share Purchase Plan to raise $2.5 million will be offered to all eligible shareholders at the same issue
    price as the Placement (SPP).
    The SPP is only available to Australian and New Zealand shareholders who were registered as Core
    shareholders at 7:00pm (AEST) on 5 October 2016 (Eligible Shareholders).
    If total demand for the SPP exceeds $2.5 million, the Company reserves the right to close the SPP early
    and scale back applications or elect to increase the amount raised in its absolute and sole discretion.
    When determining the amount (if any) by which to scale back an application, the Company may take
    into account a number of factors, including the size of an applicant's shareholding, the extent to which
    eligible shareholders have sold or bought additional shares after the Record Date and the date an
    application was made.
    Full details of the SPP Offer will be contained in a booklet which is anticipated to be dispatched to
    Eligible Shareholders on 12 October 2016.
     
  7. olifrated

    olifrated Member Silver Stacker

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    Sweet !! Is anyone taking up the offer ??
     
  8. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Everyone will be taking up the offer if its coming their way due to a 35% discount to the close price on Friday

    This stock will be double the price come the end of October

    LTR is another stock smack bang in the middle of CXO tenements. Watch this one also,a bargain at 4 cents. :D :D :D
     
  9. Atomic79

    Atomic79 New Member

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    Just bought a parcel of CXO today 0.13. This has been on my watch list - Intended to buy on Friday but I got sidetracked at work. Hope it does well.
    Go Lithium.
     
  10. scrooged

    scrooged New Member

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  11. scrooged

    scrooged New Member

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    :)
     
  12. hotchef72

    hotchef72 Member

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    LTR is another stock smack bang in the middle of CXO tenements. Watch this one also,a bargain at 4 cents. big_smile big_smile big_smile. And currently drilling also. cxo has assays pending,which will probably have an impact in the immediate term,then there own drill results,so there is plenty to drive the sp , if results are positive!! Definitely worth some research. As for cxo, the market has taken the cr as a positive and management wasted no time in getting the drill spinning. Interesting times ahead with results and drilling program and also the announcement of the Zola prospect with I think will generate s lot of interest and excitement. Gltah.
     
  13. southerncross

    southerncross Well-Known Member Silver Stacker

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    Quite agree, BUT I would watch for results, if they are thin then be ready for a repeat of PLS and DKO type scenario.
    CXO got in early and grabbed the best ground at Bynoe and LTR is yet to prove up.

    Not saying they wont, and they will probably rise on nearology alone, but just be aware of the need for tonnage to prove a resource.
     
  14. Atomic79

    Atomic79 New Member

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    Well I hope you held on!
     
  15. hotchef72

    hotchef72 Member

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    Bit of a shakeout today ,interesting to see tommorows action,news shouldn't be to far away.
     
  16. scrooged

    scrooged New Member

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    Half expected it to retreat to the nines last week to be honest.

    Goin alroight hopefully.
     
  17. scrooged

    scrooged New Member

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    Got my coin back, took out a bit for the Xmas big bird and set a little aside for the bean counters.

    Onwards and upwards .....

    Good luck.
     
  18. southerncross

    southerncross Well-Known Member Silver Stacker

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    This will be huge *IMO* , another Greenbushes in the making. The geo's are world class and if you look into the latest Ann deeply you will see that they already have high hopes for just the Finnis find alone. Zola is yet to come, but when it does...... look out!
     
  19. silver kook

    silver kook Active Member

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    Nice little 22.5% pop for CXO today. BGS up 9.8% too. And KDR up 11.3% after yesterdays 19% drop. A good day for lithium plays after a tough week or so.
     
  20. heartastack

    heartastack Well-Known Member Silver Stacker

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    I've been pretty calm on this bucking bull. But the hotcopper forums are an absolute shambles - if you are comfortable holding CXO through the next few ANN's then stay away from that forum!!
     

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