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$6.13 orocobre limited

It's straight forward , they have done an assesment and...

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whisky49

8,472 Posts.

1155

19/02/19

13:23

Post #: 37484487
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Originally posted by FROG ↑

Originally posted by Just_Westy
How can oversupply be considered bollocks?
Where is the oversupply apart from the stockpile of rubbish ore in China ?

Morgan Stanley spooked the market with it's outlook for the Lithium market going forward which was based on unrealistic assumptions such as SQM doubling production. It's since been discredited.

LT production forecasts won't keep up with the demand going forward is my understanding.

Rain in brine ponds is a normal condition that is accounted for, excessive rains only cause delay due to more time needed for evaporation unless the ponds have been destroyed.

My only concern with this announcement is that I have no money left in trading account to buy any more ORE stock at this time.
it is intriguing as to why this Ann a few days before half yearly? Hmm must be some reason,does anyone have a view?

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It's straight forward , they have done an assesment and concluded that it will have a material effect on expected production , they are obliged to release material news immediately on receipt of it....

Cheers Whisky

Last edited by whisky49: 19/02/19

ORE Price at posting: $2.95 Sentiment: Hold Disclosure: Not Held
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