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Business Description: Orocobre Limited (ORE) is a mineral exploration company focused on the contruction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northen Argentina. Currently, ORE's flagship project is Olaroz Project.
Strategy Analysis: ORE is focused on becoming one of the largest and lowest-cost producers of Lithium in the world. ORE has partnered with Toyota Tusho to develop Salar de Olaroz, and expects to complete the Definitive Feasibility Study on the project in Q1 2011, with initial commercial production starting in 2012. The company also has two other projects which show promise for future development.
Orocobre reported positive cash flow of $31.76m for quarter ended 31 December 2012. Operating cash flow for the period was $1.56m. Payments for exploration and evaluation were $3.12m. Investing cash flow was $6.51m. Financing cash flow was $23.68m. Cash in hand at the end of the quarter was $38.99m.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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