What is going on with ORE you ask? Maybe it is just a very ordinary company that isn't producing lithium of sufficiently quality or quantity to impress the market and attract a decent share price. Analysts may value them between 3.65 - $4, but let us not forget that a year ago their share price was $6.69, more than double what it is now. I have owned this company for 5 years and curse myself daily for believing the long term story spun by various posters rather than opting for a shorter term profit. Couldn't possibly go any lower, you think? With ORE I would not discount any possibility. Personally I would not risk another dollar of my money on ORE. Fortunately I have an average buy price of $1.50 so can afford to hang in in the hope that a miracle may occur and ORE will suddenly produce high quality lithium at nameplate capacity. Toyota must truly regret the day they bought a controlling share in this company for around $7 a share.
ORE Price at posting:
$3.05 Sentiment: Hold Disclosure: Held