ORE 5.11% $6.13 orocobre limited

There is something fishy about the price action in this stock...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 693 Posts.
    lightbulb Created with Sketch. 132

    There is something fishy about the price action in this stock over the last few days. Even the wording of today's announcement is hard to fathom.

    I know that new management often lay current issues at the feet of the past bosses when they take over, but this announcement is evasive at best.


    Instead of emphasising that production had reached almost 4k tons this quarter, they talked about the half year. That makes investors have to look up the last quarterly to find out how they are tracking. Why do that? They should be talking about the positives!

    Instead of talking about the temporary nature of Chinese trade issues, they point out the drastic fall in pricing!

    As I stated in a previous post, the worst may be over for the Argentine economy. Plus a weaker AUD after the Fed rate rise helps with AUD pricing of Lithium. They should be dispelling thoughts of a Lithium glut with some well researched arguments to the contrary.


    I hope we haven't just exchanged Richard Seville for another excuse maker in Chief!


    This crap just isn't good enough.

 
watchlist Created with Sketch. Add ORE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.