I am obviously disappointed with the downgraded output forecast due to the pond issue. I am, however, extremely happy that there will be NO Capital Raise to fund the expansion or the hydroxide processing facility.
I have held a small number of shares of Orocobre for many months and took the opportunity of the recent dip to quadruple my very modest holdings!!!!
My reasoning is that, despite the lowered tonnage forecast for the next few months, the profits should remain the same or higher due to the stronger pricing. Thank you Audax for your pricing data!
I would be interested to know what you guys think about this? Will there be positive upswing in share price after the next quarterly report should profits remain the same or exceed Q4 2016?
ORE Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
