ORE 5.11% $6.13 orocobre limited

Ann: Olaroz lithium facility update, page-22

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  1. 2,058 Posts.
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    Well the update certainly got the attention of the model jockeys. Some good probing questions from the analysts at the webcast (for a change). 


    If you want a silver lining Richard Seville said that the production facility is working well, both the plant and the ponds. He said that they are confident that they have got a handle on the ponds going into the usually problematic March quarter. But no mention of nameplate so yeah we've probably heard all the gunna claims numerous times already. As far as the market demand going forward - both in terms of total demand and the mix of products - I could not get a clear picture through all the platitudes that were being thrown about. Also Audux you were right about the 1000t in inventory - Richard Seville said it will mean January will be a big month for sales.


    Brilliant news that Australian Super has taken a 5% holding in the company. Come on other super funds - investing in Orocobre is as good as investing in the future and likely better value than a toll road.


    And yeah, butch, I've also had better days than today but what can you do?

    Last edited by triage: 20/12/18
 
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