ORE another lithium play

[Joshuatree]

Lithium here to stay, prices flying away.

http://static1.squarespace.com/stat...row-Lithium Industry Report-May2015-Final.pdf

[stevo1]

Lithium here to stay, prices flying away.

http://static1.squarespace.com/stat...row-Lithium Industry Report-May2015-Final.pdf

I ended up NOT participating in capitol raising.Your above link does not work JT

[Joshuatree]

me neither. tried again but can't make link work.Go to that warm metallic site for ORE if you must ;it will work there.

[Joshuatree]

http://www.afr.com/street-talk/canac...0150625-ghx7x9

ORE up for another raising!!! after $32 mill @ $1.90. Funds would be put towards the joint venture company where ORE is required to contribute 75 % of the project funding!!!.WHAT THE.... The offer comes 4 months after the Canacord raising of $50 mill. Both when the price had DROPPED a lot i believe. manipulation ???

Give me strength!! IVe multi bagged this and been in and out for a long time now, but i still feel a tad annoyed at this and the continual delays and so called "bottlenecks" ramping up to higher production.Less then scrupulous is the feeling I'm starting to get.

[stevo1]

http://www.afr.com/street-talk/canac...0150625-ghx7x9

ORE up for another raising!!! after $32 mill @ $1.90. Funds would be put towards the joint venture company where ORE is required to contribute 75 % of the project funding!!!.WHAT THE.... The offer comes 4 months after the Canacord raising of $50 mill. Both when the price had DROPPED a lot i believe. manipulation ???

Give me strength!! IVe multi bagged this and been in and out for a long time now, but i still feel a tad annoyed at this and the continual delays and so called "bottlenecks" ramping up to higher production.Less then scrupulous is the feeling I'm starting to get.

Trooouble at mill JT.Up till quite recently they were delivering on their projections ,the initial cap raising was a disappointment at $2.55 .There were plenty who knew this was in the wind look at the SP dive in the last week .Not a good look for the immediate SP but longer term????????

[Joshuatree]

Im becoming a stale holder in ORE but nameplate isn't far away or so they promise. Seems the altitude is causing more probs with heat issues in the brine etc affecting the dissolution of lithium carbonate in the absorption circuit. They say they have solved this but further "simple enhancements ' ARE REQUIRED. should be completed in December....yeah right.
256 TONNES PRODUCED IN SEPT
Magnesium and calcium removal need another centrifuge to get to nameplate .

Outotec Polishing Filters modifications improvements have resulted in recoveries LESS than expected

An additional boiler won't be commissioned until earl Jan

Breakeven point reached when production reaches re 650 tonnes a month which was advised to occur in Oct but latest is now DEC. Early JAN is latest for completion of debottle necking with the actual timing of nameplate production run later.

Heres hoping and that there are no more cap raises. At the end of sept they had re $10 mill in cash and US$ 37.5 mill on standby

One good thing is the price for lithium is rising ,re $6-6500 tonne.The attraction to me always was ,with ORE that it will be a highest quality , lowest price of production, stock

Meanwhile;wanting to stay exposed to lithium production I'm looking at other potential lithium producers to spread the risk to. ATP I'm certain Self Driving Electric cars are the future unless/until some other better tech displaces it.There are a few stocks a friend has advised me of, that I'm looking into atm.

[Joshuatree]

Henderson global now a 5% holder.
I have found some alternatives to complement my ORE holdings. EMH and LIT. I have small seed allocations in these but very spekky and a way to go to prove up a lowest cost(even lower than ORE!) new production technique from waste mining Micas .Expecting cap raising to add t my holdings if the potential develops.DYOR

[Joshuatree]

Changes in U S electricity mix from 1990-2014 .Large surge in renewables, storage ,batteries, lithium use etc

http://www.visualcapitalist.com/wat...ail&utm_term=0_31b4d09e8a-468b15011c-43822485

[Joshuatree]

If I'm going to post on these spekkies any more i will start anew thread for them.

Global lithium developer, Lithium Australia (ASX: LIT) advises that it has produced its first lithium hydroxide. Lithium hydroxide is a value added lithium chemical, used for the production of lithium batteries. The hydroxide product results from the conversion of carbonate and in present markets commands a premium of around 25 per cent. The upgrade of product is a significant value-add process. This is the first step in Lithium Australia's investigation into a range of value added lithium chemicals targeted for the lithium battery industry.

Read more: http://www.afr.com/brand/before-the-...#ixzz3uFeJBv7U
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[Joshuatree]

WOW , Lithium carbonate very tight atm around US$ 15,000 tonne!!!. ORE will be able to produce it for re $US 2,000 tonne but they need to overcome their "bottle neck" probs and get to name plate production to convince the mkt that they can solve the production probs. Heres hoping.

http://www.asianmetal.com/news/data/1268980/Lithium carbonate price breaks RMB90,000/t in China