ORE another lithium play

[stevo1]

Well a massive knockdown of 9.3% on the the first day of trading( $6.48 on 10.6 million shares turnover and below the issue uptake of rights to shareholders at $6.55) probably more to do with the news that SQM and Chile have reached agreement to increase production to 4 to 6 times their current production.
Toyota Tsusho paid $7.5 per share or A$282 million for their 15% stake on capitol raising
http://www.asx.com.au/asxpdf/2018011...4nxkqwj216.pdf


https://investingnews.com/lyaily/res...on-deal-corfo/
UBS has reduced their stake under 5% but still hold an amount of borrowed shares which I suspect they have shorted
The rights options are effective worthless at this point so uptake will be on the underwriters
Having Toyota in the mix can only be good for ORE in the future.