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Mayhem caused by lack of news, page-185

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Jerrylibra

196 Posts.

61

21/12/18

19:41

Post #: 36940042
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Originally posted by Thesi: ↑

@Kingslayerrex @SeeTheWorld @astro boy

I think it might be time for investors far and wide to stop seeing Orocobre as a stock to invest in for the long term or even take seriously. What the hell was that call!?

Their management appear to not get it and in some ways I felt like they were having a laugh at everyone else expense, for what reason I am unsure.

Orocobre and their asset is at a point in my mind that they have become a distressed asset that whilst their share price has performed exceptionally well, and been a leader for lithium stocks on the ASX I think it is time to ignore them particularly if they are producing 50% plus of technical grade lithium carbonate that is very lowly priced.

I noticed one thing just relistening to their call that they do not supply to any lithium hydroxide producers where as by comparison Galaxy does.

Hydroxide producers are generally closely tied to Tesla.

I cannot help but feel sorry for Toyota in their investment but then they have supposedly much wiser heads than anyone on the forum.

Merry Christmas to them?

What a crap investment they got themselves into.

Australian Super what were you thinking?

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Hi Theis,
Thanks in advance. Their product is 50/50 split between tech grade and battery grade. Their prime product is still 99.9% per the call. This is where I am confused. Are they not capable to produce battery grade or prime product without producing tech grade or they just ignore its quality to produce as much as possible to cash in. The cash profit is still pretty good to sell at 10800 per ton

GXY Price at posting: $2.07 Sentiment: Buy Disclosure: Held
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