ORE 5.11% $6.13 orocobre limited

Ann: Orocobre Limited - 2019 Half-Year Financial Results Briefing, page-5

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  1. 146 Posts.
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    Unfortunately, you are posting old news @koi-7. The market has changed since this report was published. The most important change has been the lithium price.

    In your report "...It’s achieving rising prices for its lithium mined mainly in Argentina...". 

    This is no longer the case. Lithium prices are now slumping. There is a growing over supply, and prices look like they will continue to fall.

    Unfortunately, I jumped in at $3.45 and I didn't take the recent opportunity to get out at $3.48. I'm regretting it now. When the 1H 2019 report comes out next week, I expect the share price to slump below $3.

    Hate to be the grey cloud, but my feeling is we are in a cyclical slump for lithium and it's going to be some time before we see are return to the good times.

    Good luck to all!


 
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