It's a bad report by all standards. They have neither been able...

It's a bad report by all standards. They have neither been able to deliver on the top line nor the bottom line. If they got a good price then so what. If they made $500 per ton more it will translate into a mIllIon dollar more. Infact they missed on $20+ million worth of product they dId not produce. Make your own judgement

Total nameplate capacity per quarter 4,375 tons (13 weeks)
Estimated weekly output = 336.5 tons

Total production for June quarter 3,596 tons
Estimated weekly output = 276.6 tons (82.2% of nameplate)

Total productIon for Sept. quarter 2,293 tons
EstImated weekly output = 208.5 tons (61.9% of nameplate)

If the plant Is goIng to operate at 60% capacity then I wonder if we really need a phase 2. The plant produced even 20% lower on a weekly basis over the June 2018 quarter. What was the management doing. Where they sleepIng on the helm? There Is no explanatIon for this massive drop in productIon.

Perhaps the real news is on the Chinese Spot prices and low quality chinese output that was once usable only in industrial applications and didnt compete with battery grade. Well now ORE has finally put to rest the debate by saying that they do matter and they do affect Lithium prices.

The stock price is a barometer of the company and its management performance. Unfortunately it stinks of poor performance and insider trading. In four weeks prior to last June quarter announcement the price plunged 20%. This tIme once again the stock price has plunged over 35% in a matter of few weeks. I rest my case.