Looks like Morgan Stanley was right after all and there is an...

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rvajna

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20/12/18

18:21

Post #: 36924565
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Originally posted by Quiono: ↑

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.

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Looks like Morgan Stanley was right after all and there is an over supply of lithium carbonate. If not, then why is the price falling? Posters on the HC lithium stock forums still seem to be in denial even after today's beating. Looks like the start of a major correction downwards in the short term.

ORE Price at posting: $3.37 Sentiment: Hold Disclosure: Held
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Looks like Morgan Stanley was right after all and there is an...

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