Deutsche bank 01/03/2017| 1| Buy| $4.11| 34.75% COMMENTARYFirst...

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bleach88

724 Posts.

02/03/17

15:13

Post #: 23049785

Originally posted by bleach88 ↑

Column 1 Column 2 Column 3

1 CITI Upgrade to Buy from Neutral
$3.90
27.87%

2

COMMENTARYThe company's downgrade to production guidance reflects increased risk shorter term, Citi analysts suggest, but assuming short term issues are successfully addressed, current share price weakness shall represent a buying opportunity longer term.Citi upgrades to Buy/High Risk with a target of $3.90, down from $4.75 prior. As the company wants to avoid a new capital raising to fund the planned doubling of production capacity, Citi is now assuming a six months delay.

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0 Deutsche bank 01/03/2017
1
Buy
$4.11
34.75%

1

COMMENTARYFirst half net profit was above estimates. The company has flagged a -20% downgrade to FY17 production guidance because of problems with the lithium inventory within the brine ponds.This is not a long-term concern but Deutsche Bank is extremely disappointed, given this half had promised increased production and cash flow.Nevertheless, the company does not need to raise capital in the short term and the broker maintains a Buy rating. Target is reduced to $4.10 from $4.50.

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Deutsche bank 01/03/2017	1	Buy	$4.11	34.75%
1	COMMENTARYFirst half net profit was above estimates. The company has flagged a -20% downgrade to FY17 production guidance because of problems with the lithium inventory within the brine ponds.This is not a long-term concern but Deutsche Bank is extremely disappointed, given this half had promised increased production and cash flow.Nevertheless, the company does not need to raise capital in the short term and the broker maintains a Buy rating. Target is reduced to $4.10 from $4.50.

ORE Price at posting: $3.10 Sentiment: Buy Disclosure: Held

5 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3
1	CITI Upgrade to Buy from Neutral	$3.90	27.87%
2	COMMENTARYThe company's downgrade to production guidance reflects increased risk shorter term, Citi analysts suggest, but assuming short term issues are successfully addressed, current share price weakness shall represent a buying opportunity longer term.Citi upgrades to Buy/High Risk with a target of $3.90, down from $4.75 prior. As the company wants to avoid a new capital raising to fund the planned doubling of production capacity, Citi is now assuming a six months delay.

Deutsche bank 01/03/2017| 1| Buy| $4.11| 34.75% COMMENTARYFirst...

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