ORE 5.11% $6.13 orocobre limited

I'm in, I spruik, but so do the analysts: here's what they said...

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  1. 773 Posts.
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    I'm in, I spruik, but so do the analysts: here's what they said about ORE only a couple of months ago.............................So here are 5 reasons why Orocobre Limited (ASX: ORE) could be a good bet for investors. It’s already profitable in posting a net profit after tax of US$1.9 million in FY 2018, or on an adjusted basis it posted a profit of US$25.7 million when backing out asset impairments and some other non-cash costs The group has a strong balance sheet to invest with cash on hand of US$308.7 million as at September 30, 2018, its net cash position is US$221.7 million It’s achieving rising prices for its lithium mined mainly in Argentina. For the September 2018 quarter the price received was US$14,699 per tonne, compared to US$11,190 per tonne in the September 2017 quarter. Its cost of sales is falling from US$4,987 per tonne mined in the September 2017 quarter to US$4,640 in the September 2018 quarter It has substantial capacity expansion plans and is fully funded to implement them given its balance sheet strength. -------Screaming Buy!
    Last edited by Koi-7: 14/02/19
 
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Currently unlisted public company.

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