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$9.83 allkem limited

Ann: Full Year Statutory Accounts-ORE.AX, page-99

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lash

4,189 Posts.

11

22/09/16

09:39

Post #: 19336046
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Originally posted by jimmylith ↑

Fundamentals are still strong for ORE and the industry in general and still believe in this stock, but last 12 months has had a stellar run, and still not making any money (-30 mill in 2016), so would expect a pull back to at least 3.60, if fall back below 3.60 believe next support $3.24. I don't think we will go under $3 but remember they aren't making any money (Yet) and from my calculations need to be making $35 mill/ year profit to justify their current valuation, so a lot of growth is already priced in .

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Need to see production costs heading below $3,000 for a start before revisiting this one.
Lash

ORE Price at posting: $3.73 Sentiment: None Disclosure: Not Held
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0 Great analysis

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