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$6.13 orocobre limited

Ann: Orocobre Limited - Cauchari Resource Update, page-27

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dyeman

1,993 Posts.

166

14/03/19

19:22

Post #: 37766285
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Originally posted by butcherboy ↑

The other ongoing saga is the shorting debacle. I see that ORE has dropped down the Top 10 list (it was number one not so long ago) and GXY has shot to number one! Hopefully the shorters' focus will move on now, sorry to our fellow GXY holders though (disclosure I'm an ex-holder, sold out in 2010, and with all their consolidations since then, despite their big run-up in recent years, I think I would still be ahead... it was only small bikkies though. I'm not sure the chart accurately reflects all of their share consolidations, does anyone know how that works?) Yes, sorry to bang on about ORE vs GXY, but despite the angst about the constant issues with ORE not reaching nameplate and the shorting etc etc, it is worth remembering that they have never had to consolidate their shares. The current market caps are very similar between both companies, $858m ORE vs $815m GXY.

Chart comparison over 10 years...

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Yep - shorter exit may be accelerating - latest data (March 8) ORE is dropped below 12% while GXY went up 1.88% to 17.5%.

The amazing thing in the comparison of ORE and GXY market cap is that ORE has around half its market cap in cash.

ORE Price at posting: $3.39 Sentiment: Buy Disclosure: Held
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