OROCOBRE LIMITED (ASX:ORE) - Ann: Orocobre Limited - September 2018 Quarterly Report, 36334017, page-55 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Nanday ↑

Originally posted by Quiono
Excellent Post Nanday. It does put a lot of things in to perspective.

I think where a lot of the grumbling comes from (Mine included) is the way the ramp up has been managed. RS has been the least pro active manager of a new project that I have ever seen. The guy is great at making up excuses for not getting the job done, but poor about thinking ahead to alleviate potential issues before they develop. I always thought that it was managements job to stop problems from happening, not just dealing with them once they happen.
I agree with you, and it seems to me that we have a board that was not proactive and a manager who was not proactive. A double whammy. They were burying their head in the sand, probably because the company was ticking along and making great margins and they weren't worried about a little thing like nameplate or pushing to improve production. I would hazard a guess that there was finally some kind of push-and-shove going on and finger pointing and RS had to fall on the sword under the pretense of leaving for other reasons. I could be wrong, but I've seen this sort of thing before, an MD has mates on the board, they keep cutting him/her slack, hoping things will miraculously improve and not wanting to make the hard decisions. And it goes on far too long until something forces their hand.

Hopefully this is a change for the better and they have hired someone with drive and push.

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I totally disregarded the phone in for sentiment/content, the guy has packed his bags already, given a very ordinary year, he is out, I thought he did a respectable job in the phone call.

Shorts have been rewarded as it should be if they get it right, but this will turn, market has this wrong at this point in time IMHO. I bought today at 52 wk lows on the basis it will not be here for long, Nov alone will buffer me IMO, but really I am more on the long term, they will sort out the production side, I like the read on the new man. All in all a great lithium producer with much upside.

Cheers
Phil.

I totally disregarded the phone in for sentiment/content, the...