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

ORE

Click for more information

5.11%

$6.13 orocobre limited

Good post @Tersy I would expect this to close positive today,...

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

MIN

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

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

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

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

First 10 Last

Add ORE (ASX) to my watchlist