Replies to post #1106 on Allkem Ltd (fka OROCF)

[tikotiko]

Agree.

I think that you may be right that it may not go much lower than $2.3 or $2.2, and I would be quite happy I could buy back at those levels. Heck, I could buy back now and it would be ok based on my move yesterday. I am going o keep a close eye on it.

The other factor is the quarterly report, which should come in 1-2 weeks. My gut tells me that it will be negative due to the lower sale prices, but the major progress in Stage 2 and in a Japan may turn it positive. I was going to wait until then to buy my next batch. However, my decision to sell some yesterday for a nice profit (over 40%) puts me in a bit of a dilema on how to buy my shares again. My hope and probably safer bet may be to buy in the next few days if it drops to say $2.3 and buy more after the quarterly announcement.

Please feel free to pop your head here occasionally and so is 909.... ;-)

[tikotiko]

I am waiting for this to get to the $2.2 or $2.3 before I rebuy the shares I sold at a profit. My hope is to buy one batch at those levels. I would then hope to buy a second one at $2 or below as a result of what I expect to be a so-so quarterly report. This second part may be trickier because even though revenues will probably suck, the good progress in Stage 2 and Japan’s converter may help the SP. Based on my luck, it will probably be Opposite Day of whatever I do. However, I feel good that I took some profits recently, while I kept a good amount of shares. :-)

[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.