I expect the SP will start rising after LTR cashing in 13Mill shares, realistically CXO shares are highly undervalued today, but that's my opinion .... Back to normal trading from Monday until June/July. The SP always suffers when such a dump occurs. Expecting a good rise very soon.
The dump was always going to happen and the SP fall was the cost of buying the LTR tenements in the NT.
Drilling results to date are proving the LTR tenement package purchase a shrewd move by Core. On the bright side quite a few larger share parcels were bought this afternoon from previous holders who may have been unaware of the LTR deal/holdings .. no doubt a few stop losses would have been triggered as well.
Lot's more news to come from CXO. Happy to hold.
Ann: Multiple High-grade Lithium Intersections at Grants, page-49
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