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They talk about breakeven on an operating cost basis (for the...

  1. Dr Daz
    2,041 Posts.
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    22/01/16
    14:43
    Post #: 16851001
    They talk about breakeven on an operating cost basis (for the project company).

    What is remarkable, their previous guidance from only a month or two ago was nameplate in Jan2016, nameplate is now further away than it was 6 months ago.

    They got a decent price for the CR based on terrible plant performance.

    I believe I flagged this capital raising several months ago.

    If it was not for the recent strength in Li price, this raising would have been done sub $1, hence why it appears ORE raised as much as they could, while they can!
    ORE Price at posting: $2.33 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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