Core Lithium Ltd CXO

Primary Symbol: CXOXF

Metals & Mining Industrial Metals & Minerals

Core Lithium Ltd is an Australia-based lithium mining company. It owns and operates Finniss Lithium project, which is located south of Darwin Port in the Northern Territory. The project lies within a prospective area for lithium in the NT, the Bynoe Pegmatite Field, and covers approximately 500 square kilometers (km2) of granted tenements. The project is approximately 88 kilometers (km) by sealed road from Darwin Port, Northern Territory. Its other projects include Shoobridge Lithium, Anningie and Barrow Creek Lithium, Napperby Uranium, Yerelina and Mt Freeling, and Blueys-Inkheart. The Shoobridge Lithium Project is located approximately 80 km south-southeast of Finniss near Darwin in the Northern Territory. The Anningie and Barrow Creek encompass eight exploration licenses over approximately 2,000 km2 in and around the Anningie and Barrow Creek tin-tantalum pegmatite fields in the Northern Territory. Napperby is an advanced uranium project within the central Northern Territory.

OTCPK:CXOXF - Post by User

Core Lithium Ltd

Bullboard Posts

Next >>

Post by vforvalueon Jun 20, 2008 2:17pm

1811 Views

Post# 15210196

Henry Petroleum

CXO finally agreed to buy Henry Petroleum for $565M. Shares increased 11% and hit the 52 week high of 39.10.

This might sound like a good idea, but CXO already has 300M in debt.

CXO has been operating just fine without its acquisition.
In first quarter, revenue went from 60M to 107M from last year
Income also went from 18M to 41M!

The article posted below things the acquisition will benefit CXO but does anyone thing otherwise?

https://www.stockhouse.com//Columnists/2008/June/10/Oil-and-gas-producer-soars-on-acquisition

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale