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Thanks Niu You may find this recent article from Bloomberg...

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CL27

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29/12/17

23:06

Post #: 29943917
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Originally posted by niu ↑

The shorters will clutch at anything they can, but all is ok
"...guidance for the full year of 14,000 tonnes of lithium carbonate with production split approximately 45/55 between the first and second halves..."

"Approximately" provides a little wriggle room...
The numbers look close
Sept Q produced 2135 - shipped (Audax) 2057 - sold 2072
Oct produced 1227 - shipped (Audax) 1183
Nov/Dec produced ? - shipped (Audax) 2642 (with one shipping day remaining)

October was bit softer than I expected, but clearly sat in line with their plan.
"Increases continued in October, with modest over budget production at 1,227 tonnes for the month"

Will it be 2938 t produced in Nov/Dec to bring up 6300 t for the half?
Given that it would require the plant to be running for two months at 17,579 tpa run rate, I think that it would be cause for great celebration.

If they get even remotely close to 6300 t for the half, it is a great result.

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Thanks Niu

You may find this recent article from Bloomberg interesting reading over the long weekend

Talks about Orocobre and advantage lithium. It focuses on the shortage of engineers in Argentina

https://www.bloomberg.com/news/arti...at-hope-for-cheap-lithium-faces-talent-crunch

ORE Price at posting: $6.97 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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