Ann: Half Year Accounts, page-92

Iirc YOU were absolutely adamant that a CR was inbound, at a significant DISCOUNT, and that THAT was absolutely going to CRASH the share price.

Oops.


Btw Toyota must be stupid capitalising ORE at $7.50 to the tune of almost $300M !!!!!!!
According to your short-sighted and blinkered “logic”, those buffoons have “lost” $150M.

Oh….hang on, they were in it for more than the pips:

“Through this investment, Toyota Tsusho and Orocobre will elevate their existing long term project partnership to a new level of strategic alliance. The capital injected by Toyota Tsusho’s strategic investment will be used primarily for the expansion of the Olaroz Project (Phase 2), which targets 25,000 tonnes per annum(LCE) of additional capacity. The expansion will potentially bring the total nameplate capacity of the Olaroz Project to 42,500 tonnes per annum. The Stage 2 expansion plan is expected to reach its final investment decision in mid-2018 once financing, approvals and engineering are completed, with commissioning in 2H 2019. As a key part of this strategic investment, Toyota Tsusho will be appointed as the exclusive sales agent for Phase 2 production and will secure a long term stable supply of lithium products to respond to the growing market demand.

Together with Orocobre as a strategic partner, Toyota Tsusho will accelerate not only the expansion of the Olaroz Project via development of Phase 2, but also develop the value chain via joint investment in a Lithium Hydroxide project in Japan.”


Try harder.