ORE another lithium play

[Joshuatree]

S/P $2.91 today 3 and half year hi, 95% plus complete.

[stevo1]

Bots are/have been manipulating and accumulating shares for some time now at open today 1 share offered at 283 1 share buy at 289 at open .Very close to 1st production.Teslas $5 billion gigafactory bodes well for the future battery production though several years away from manufacturing
http://www.nzherald.co.nz/motoring/n...ectid=11325655

[stevo1]

And now the sp is at 258 cps WTF .It is a free carry for me but WTF anyone know the reason for the rapid fall?

[Joshuatree]

Metals and mining taking a hammering atm and patersons have switched from strong buy to sell.

Global Lithium X ETF dropping steeply atm from re 14 in july/aug to below 13 atm.

Ive also been in and out for 3 or 4 years from re 45c. Hope to top up soon.

[kiora]

I wonder if this has lithium ?
https://nz.finance.yahoo.com/news/re...033304879.html

[stevo1]

I wonder if this has lithium ?
https://nz.finance.yahoo.com/news/re...033304879.html

I would say NO lithium ""These are new materials, they have never been developed before," said Doron Myersdorf, the founder and chief executive of StoreDot, whose investors include Russian billionaire and Chelsea soccer club owner Roman Abramovich.
Interesting and promising in the meantime the world will use whatever energy is available,.affordable and convenient.To industrialize new materials," they have never been developed before" could take sometime.The article is pretty short on detail.ORE 's SP is quite weak ATM considering production is close

[Joshuatree]

http://resourceinvestingnews.com/78...ts-to-impact-graphite-lithium-and-cobalt.html

Analyst Simon Moores said in a Benchmark Mineral Intelligence report that Tesla Motors Inc. (NASDAQ:TSLA), LG Chem Ltd. (KRX:051910) and Foxconn Technology Co. Ltd. (TPE:2354) are all in the midst of building “battery super-plants for the electric vehicle (EV) market.”
He estimates that LG Chem’s China-based plant will be the first on the market at the end of 2015. Moores also states:
These plans will have a significant impact on the raw materials fuelling the three megafactories, graphite, lithium and cobalt especially, as will the additional growth in the EV battery market which is expected to range, in Benchmark’s conservative estimates, from 10-15% a year.
The industry will need to be prepared for a raw material surge in 2016 as buying starts for these three plants in what could be a significantly disruptive event.

[Joshuatree]

Surprised and a bit disappointed re the cap raise ($40mill) taken up by sophs @$2.50 something partly due to the delay in full ramp up which should be by the last qtr now. 5000 tonne order by TTC and may others to come at no discount ; infact prices are lifting due to supply constraints . Another re $ 10 million offered to us investors.

[stevo1]

I am too am a bit but unlike so many ASX companies they are producing and the outlook appears good.Will only be taking up part of the up to $15000 offer at $2.55 to existing shareholders.

[Joshuatree]

http://www.smh.com.au/business/lithi...10-ggy8o7.html

Ore on a good arc atm ($2.80atm)now its a true blue producer with Toyota as a partner and off take as well.