Most of the cap raising is already covered via Toyota and the institutions.The retail offer closes
on Friday Feb 2 and the retail shortfall bookbuild closes Feb 8.
After the great run for lithium stocks a correction was due and it came as a result of analysts
accounting for the possibility of increased production which they had not included in their estimates.
As ORE was in a trading halt for several days it had to catch up with the falls of lithium stocks that had
fallen for days and on the day they traded ex-rights the lithium stocks dived.
I like the idea of backing a company already in production,with cash to increase production,and
Toyota as a partner so bought a few near the close today.
ORE may be in for a choppy time over the next month but the fundamentals look good to me but of
course everyone must do their own research as it is their money they are risking.
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