Allkem Ltd (fka OROCF)

[tikotiko]

Hey NW2, you may want to take a look at the latest quarterly report that was released today.

https://www.orocobre.com/wp/?mdocs-file=6933

It is very similar to what I had predicted: good progress in Argentina and Japan, ok production and positive earnings margin, but the margins are lower due to reduced sale prices. I think that the market has already factored in these expected news, but I think we may see an extra drop. It just opened
slightly green in Australia but it is a long day. Volume is high, which tells me that a lot of people are thinking like me. I will be ready to buy more in the next few days but don’t want to rush. I now aim to buy some below $2 and some above to average. You may want to revisit it with your charts in the next few days.

As I have said before, I intend to keep this one long term as well as the other one we share. it is one of the lowest cost brine producers with the advantage of a converter in Japan, nice expansion, partnership with smaller Advantage Lithium next to LAC, no debt and protection by Toyota. I think its revenues and profits will skyrocket if its new projects coincide with higher prices and demand for lithium in the near future. I think they will. I see Orocobre as one of the safest bets among juniors and lots of upside albeit a couple others may have even more upside but also be riskier. I like mixing them a bit.