Geez you're a hard man ... Manuel only took over the reins of Orocobre on 18 January. He had no input into the company during the period of this report. Anyway, normally the board would give a new CEO 2 or 3 months to settle into the saddle and then another 2 or 3 months to start making a difference. In the past I've expressed my doubts about his suitability, both here and to board members, but now he is in place I intend to give him 6 months before I pass judgement.
Also interesting that the company is sticking to both stage 2 of Olaroz and the Japanese LiOH plant being in production by the end of calendar 2020. I think I read where an analyst had decided that it will be 2021 before there is any new production. Orocobre has form for sticking to guidances even past the point when it is patently obvious that that guidance is unachievable (the effect of the rain event on FY18 production guidance is one shocker that comes to mind) but FWIW they continue to say that the end of 2020 is still the guidance.
ORE Price at posting:
$3.39 Sentiment: Hold Disclosure: Held