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Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein... see more

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Advantage Lithium Corp > Argentina/Orocobre

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Post by knowforever on Sep 05, 2018 10:29pm

Argentina/Orocobre

As most of you all know by now, Argentina government imposed an 8 percent export fee on Orocobre until 2020. I am wondering if this will directly affect us and if so how? I still feel we will be bought out soon but I have noticed some sell-off occuring on that negative news. Any idea where we stand right now?

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Comment by Coffeeinvesting on Sep 06, 2018 10:07am

The direct impact is that Orocobre’s free cash flow will be decreased, which may give less incentive to contribute to the ALL project as cash might be a bit tighter. On the other side of it though, is that the peso has decreased so much that the 8% tax is actually not much change when factoring the currency devaluation. Foreign companies operating in Argentina have been getting away with lower ...more

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