if ORE were to cheer up a bit and add a bit more hype into their forecasts this stock would be a lot higher. Instead this management seems obsessed with painting a bad picture so as to justify the share price value destruction caused by production issues, not pricing issues!
they reported 9c Diluted EPS for the half year with 62% margin. Three times that of 2017 half yearly
Lets assume for the 2nd half Scenario 1) LCE goes down and down, they make 6c for the 2nd half okay 15c EPS = Diluted P/E of 21 in an industry that is forecasting alot of growth = CHEAP! Scenario 2) LCE stays the same as fore example ALB says. Say they make the same 9c = 18c = Diluted P/E of 18! Even Cheaper Scenario 3) LCE goes up like alot of early investors think, my self included. Say they make 12c = Diluted 21c = P/E of 15! *worth stressing this is diluted and therefore the actual P/E is even better if the options dont exercise?
This management needs to stop whining, take responsibility for their sh*t performance, and start to build hype and share value. Sh*T happens, i am not upset about the past although i imagine Toyota would be having entered at 7.5.
Ill be in ORE and other lithium stocks till the EV revolution shows signs of slowing so get on with it!
Cant believe how cheap ORE is....
ORE Price at posting:
$3.29 Sentiment: Buy Disclosure: Held