ORE 5.11% $6.13 orocobre limited

Ann: Trading Halt, page-53

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  1. 1,993 Posts.
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    I mentioned CR, but I don't think it would actually be necessary. Stage 2 costs should be reduced due to the depreciation of the peso, but more likely, a share buyback would put a floor on the share price under ORE's control that would make shorting ORE unattractive for short-sellers. Once the short sellers are gone, the share price should return to fair value and buyback would no longer be needed.
 
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