Ann: Orocobre Limited - 2019 Half-Year Financial Results, page-9

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sf120

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22/02/19

15:42

Post #: 37534008
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Originally posted by triage: ↑

Geez you're a hard man ... Manuel only took over the reins of Orocobre on 18 January. He had no input into the company during the period of this report. Anyway, normally the board would give a new CEO 2 or 3 months to settle into the saddle and then another 2 or 3 months to start making a difference. In the past I've expressed my doubts about his suitability, both here and to board members, but now he is in place I intend to give him 6 months before I pass judgement.

Also interesting that the company is sticking to both stage 2 of Olaroz and the Japanese LiOH plant being in production by the end of calendar 2020. I think I read where an analyst had decided that it will be 2021 before there is any new production. Orocobre has form for sticking to guidances even past the point when it is patently obvious that that guidance is unachievable (the effect of the rain event on FY18 production guidance is one shocker that comes to mind) but FWIW they continue to say that the end of 2020 is still the guidance.

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my mistake, i was referring to richard.. The change is still fresh in a portfolio of many stocks..

ORE is a buy after todays result. Lots of things moving in Lithium right now

LIT ETF - Up yesterday
ALB - 7% up and steady forecase
GangFeng and Tianqi also out of the 1 year channel.

GXY is in trading halt today, i am expecting reciept of funds but any mention of offtake partners or takeovers will make the whole industry fly...

dyor

ORE Price at posting: $3.42 Sentiment: Buy Disclosure: Held
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Ann: Orocobre Limited - 2019 Half-Year Financial Results, page-9

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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Sales growth pushes Lovisa's fortunes (and shares) upwards

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