Hi nrc, I agree with most of what you say. I do think that Orocobre has learned from past mistakes and that a new CEO coupled with more oversight/pressure from Toyota will help. It is true that the SP has tanked lately, which is the case for most lithium stocks. In the case of Orocobre, the drop in SP has also been caused by increased shorting and by the end of the fiscal year in Australia with people claiming tax losses by June 30th. However, I believe that better operations, a new CEO, Toyota’s oversight, the fully funded plant expansion in 2019 and a future hydroxide plant in Japan will end up helping Orocobre in the not so distant future. I guess I am buying the rumor now to sell the news later!
As always, I thank for dropping by the Island of the Misfit Toys (ref. LAC) and I also thank you for your recent tip on Katanga, much appreciated! ;-)
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