Orocobre Limited (ASX:ORE) – last traded at $1.90, down 30% for...

Orocobre Limited (ASX:ORE) – last traded at $1.90, down 30% for the year
Orocobre suffered a hit in the past two months after problems were encountered during a ramp-up of the company’s Olaroz lithium production facilities. The problems, due to equipment limitations and and inefficient operating practices have now mostly been resolved.
Shares weakened further after a $32 million capital raising was conducted in June and the company’s quarterly update was released on Tuesday. While the company is experiencing its share of problems, the lithium market appears to be buoyant, sales are increasing and costs are decreasing at Orocobre’s operations. I expect shares have gone roughly as low as they will go in the absence of further bad news.

http://www.********.au/2015/07/30/3-stocks-at-52-week-lows-can-they-turn-it-around-6/