ORE 5.11% $6.13 orocobre limited

Ann: Orocobre Limited - September 2018 Quarterly Report, page-65

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    Hi niu, I think "albeit not under any real pressure" might be a salient observation. Whilst the plant issues were being worked through the ponds must have accumulated a higher concentration than would have been achieved if the plant had been running at nameplate. Given the emphasis in the response to questions concerning the availability of new ponds (completing the whole right hand arc) for use in stage 1, before stage 2 is in production, and given that whilst stage 2 has not yet been approved, somehow the addition of new ponds whilst theoretically part of stage 2 have been approved,  I think that is reasonable to speculate that management has now decided that the pond area is inadequate. Would have been better if they had realised that at the time of the "rebalancing"?
 
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