ORE's Q3 production figures were down due to 2 week maintenance...

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James56

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197

31/10/18

11:00

Post #: 36329083
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Originally posted by yanlin ↑

An interesting first 40 minutes of trading..... it seems the big end of town has simply let the little kids play on the market whilst they go away and "strategise" their next moves. There's bugger all volume and no depth to speak of.
It's probably designed to test the level of patience of both buyers and sellers.
In any case, there's nothing much to glean from this mornings trading.
Having said that, I am interested in one of the Li brethren..... ORE. They are currently 4% down on top of yesterday's dismal day (for them). It also mirrors a poor overnight performance from Livent (when all other international Li stocks were up). Perhaps there's something more to be concerned about with respect to the forecast lithium carbonate pricing (which ORE is primarily exposed to and commented on in their quarterly report yesterday).
It may just be a blip, or it could be something more sinister. In any case, I am suggesting that at sometime soon we will see a divergence in the performance of Li stocks based on the products they sell (more particularly the revenue sources they are exposed to).
The Li hydroxide producers (I think) will be better off and their respective performance(s) will reflect a more accurate assessment of revenue streams by product type.

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ORE's Q3 production figures were down due to 2 week maintenance shutdown and wet season reduced evaporation rates. Not a surprise, but same sort of reaction to similar occurrence for GXY 's Q3.

GXY Price at posting: $2.21 Sentiment: Buy Disclosure: Held
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