ORE another lithium play

[stevo1]

That looks very exciting ,is that the reason for the sp decline trichia?

[stevo1]

This link http://www.theatlantic.com/technolog...-tesla/362112/ and in that "Hurdles remain, to say the least. The technology has yet to be proved effective in electric cars, though the company said it will demonstrate that capability later this year." MMMMMMMMM

[Joshuatree]

"Executives say the co has built a pilot production line in Okinawa that will begin manufacturing 500 to 5000 batteries a month later this year"

Too early to tell and it sure sounds too good to be true. Will watch closely

Thanks tricha

[Joshuatree]

Doesn't sound like they've reached proof of concept ;yet. It doesn't offer density advantage was one article i read.

[stevo1]

Doesn't sound like they've reached proof of concept ;yet. It doesn't offer density advantage was one article i read.

ORE Ends the week at 216 cps with an amount of bot action(accumulation?) but the chart for the last 6 mths is down but for 1yr is well up.I hold ATM

[stevo1]

The management keeps shareholders well informed.
http://www.asx.com.au/asxpdf/2014061...dsx6558zdg.pdf which is unusual on the sharemartket.Not too long to production now.However ALL the usual share market risks apply .Sovereign risk .market price,weather etc.When they turn a good profit , pay dividends and stand the test of time or not all will be apparent

[Joshuatree]

$2.55 today stevo on the cusp of or has pushed thru 3 previous levels of resistance and hit $2.57 a 52 week high.

[Joshuatree]

Was thinking ORE would drop back as it has many times before but it finished on $2.63 on higher vol and 60 DMA about to cross the 180. Good update on the borax plant being shifted to gain efficiencies and within budget would have helped this breakout.

[stevo1]

Not too far off production with lithium/carbonate plant due to start up end of August 2014 http://www.asx.com.au/asxpdf/2014070...9qxcwkblfl.pdf So far these guys have produced on all their forward projections unlike so many shysters on theASX

[Joshuatree]

Cheers stevo. Consolidation of the concentrated lithium industry in which four companies control most of output. ORE will make it five and be a highest quality lowest cost producer. Lithium demand growing @ 7-10% per annum. This takeover (below)will only value ORE more.

http://www.bloomberg.com/news/2014-...wood-in-deal-valued-at-about-6-2-billion.html