You have to live with the stock price swings. The stock price is simply determined by demand and supply like all other prices in a free market economy. Stock price follows fundamentals in the long run but in the short term it simply reflects what people think the company is worth. Theoretically the merger should have been priced in before it was approved. When almost everyone thinks the merger would be approved and lead to synergies, why would the stock not start to price this in before the merger is approved!? Imho the remaining potential of the stock now comes from the structural lithium shortage and its lasting effect on prices, which many still underestimate. Therefore it is probably not fully priced in yet. In addition to that as long as the merger synergies are not realized yet investors will apply a discount to their additional value. Once the synergies materialize the discount will disappear. This can all be rationalized with a discounted cashflow model for the company.
ORE Price at posting:
$8.69 Sentiment: Buy Disclosure: Held
