orecobre jumped over 7% yesterday which is great, and suggests more to come even after its bounced over 25% off lows of 4.70ish a couple of weeks ago.
the complete lack of activity on ore threads is purely evidence that the buying is not from retail aussie investors but rather a combo of lithium etf investors, and larger funds that understand the huge upside for ore if demand remains strong once phase 2 and the lioh plant are commissioned, etc.
the combo of the kdr takeoff announcement, the alb bullish outlook for global lithium prices, the bullish EV investment by bmw etc are all driving positive sentiment. once ore announces a positive final investment decision for the liph pla t and for phase 2 expansion we will see further upside.
wish i had more free cash to pour into ore around 5.00 level alas, but its my largest portfolio holding equal along with gxy csl nxt fnp and mqg eaxh at around 10% and all are doing great so let the run continue and let those fools at morgan stanley continue to be proven the fools that they are as we all laughed at their analysis earlier in the year.
ORE Price at posting:
$5.91 Sentiment: Buy Disclosure: Held