I guess we are waiting to hear about the below two items, and then there is progress on exploration at Grandes, but otherwise there isn't much to look for on ORE over the next couple of months. Resolution of the secondary approvals, and THEN announcement of acquisition of funding through the Japanese with no further dilution, they should help our price, and when we actually start production in 2012 crossed fingers, that will be a further kicker.....rolling on to getting a few quarters of solid production under belts.....if those production numbers stack up and lithium brine values behave as predicted, then we really should see our sp on fire.
from the Dundee report on 8th Aug ? Financing anticipated by year end. Orocobre is finalizing financing with its JV partner Toyota Tsusho who is expected to buy 25% of the project, and arrange debt financing though the Japanese. ? Authorizations are well advanced. Its EIS has been approved and mine permits are in hand. Secondary approvals related to Jujuy Province declaration of lithium as a strategic metal is pending. ?
ORE Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
