There have been plenty of up days, down days, high volume, little volume. You wouldn't want to be using stop losses that is for sure. It has always been a highly volatile stock. When I talk to brokers, read reports, speak to punters in the lithium market and look at the cost price of some of the future projects, i feel really comfortable with ORE. Albemarle continues to perform strongly with a strong market cap, I don;t think they are going to let ORE get to phase 2.
ORE sticks out like a sore thumb. Producing brime, pretty good cost, single asset, very long mine life. Generally, (not always) these assets just don't exist globally, they always get snapped up. And i expect the same here. ALB just isn't going to let this asset double in size (competition).
All we need is for the management team to do their job, hit guidance, start approval process for Ph2. We can sit back and read @nrcmedia posts with a smile.
ORE Price at posting:
$4.30 Sentiment: Hold Disclosure: Held
