Australia's largest stock trading and investment forum Australia's #1 stock forum

ORE

Click for more information

5.11%

$6.13 orocobre limited

Ann: Orocobre Limited - September 2018 Quarterly Report, page-10

First 10 Last

Share
Profile

Follow
philh9

8,734 Posts.

220

30/10/18

13:31

Post #: 36314345
Share

Originally posted by Tersy ↑

On the positive side:

Production, Sales, price received and COGS are all improved on same time last year.
Share price at posting 3.33. Share price last year was around $5 climbing up to $7%.
This is also on the back of 2 weeks shutdown and "lower evaporation rates."

So realistically we should be at about 30% above last year with better contract prices and lower COGs. And still with more growth to come.

On the negative side:

from some rough calculations 2 weeks of no production does not make up for a 36% drop.
If we use 13 weeks for a quarter with last quarter production at 3,600~. That give us 276 tonnes per week.
So if we didn't have the 2 week shutdown we would still only be at 2,850~ tonnes which is still about 20% lower.

Maybe there is a slow down before the 2 weeks and then a ramp up after the 2 weeks. I hope that poor evaporation does not account for 20% of production.

Expand

Good post @Tersy

I would expect this to close positive today, report is about where market expected and we may be a tad oversold.

Cheers
Phil.

ORE Price at posting: $3.38 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 47, 2024

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

LPE

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

MIN

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 72 more messages in this thread...

First 10 Last

Add ORE (ASX) to my watchlist