How about this from yesterday? ....
Column 1 0 01:27 GMT [Dow Jones] Show me the money. That is what Citi wants from Orocobre (ORE.AU) 1 and its Olaroz lithium carbonate venture in Argentina. "The difficulty we face is in 2 understanding cash flows at the JV level," says Citi, after Orocobre's June 3 quarter production and sales price met expectations. "The quarterly report suggests 4 the operation requires an additional A$13 million (US$9.7 million) in the September 5 quarter, making us question the strength of its operating cash flow." Citi says the 6 Olaroz JV should have produced US$12 million in operating cash flow in the April-June 7 period. That is based on sales of 2,971 tons of lithium carbonate at an average price of 8 US$7,500 a ton, minus production costs. Citi keeps a sell call on Orocobre and A$2.22 a 9 share price target. ORE last traded at A$4.77.
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Massive selling., page-31
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