Yeah but as hottuna noted its not the prospective performance of the company so much as the ongoing performance of its management. I am of the view that once again they've held back or delayed on informing the market of material events.
In the report they say that these ponds take 9 months to produce the lithium salt for processing. That they are having problems with the amount of supply of that salt they can deliver currently suggests to me that they probably have been aware of these problems for some time, quite possibly for a number of months. I cannot believe that they fill the ponds and then come back 9 months later to check out how things went. Surely they would be taking samples on a regular basis and so surely the alarm bells would have gone off months ago. Instead of being upfront with this particular problem it seems to me that they have carried on with the pretence for months.
ORE Price at posting:
$3.08 Sentiment: Hold Disclosure: Held