PINL:OROCF - Post by User
Post by
vchesaron Apr 11, 2016 6:02pm
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Post# 24753860
And down it goes
And down it goesWhat a roller coaster ride. Today Orocobre reached an all year high $3.51. Then it crashed to $3.15 probably to keep in line with ASX trading. In ASX, Orocobre closed at AUD $3.17 today, much lower than the TSE closure of Orocobre on April 8th - $3.34, though it was higher than its April 8th closure at $2.99. In ASX, volume was very heavy today almost 2m shares traded. I still don't know the reason for Orcobre's jump to $3.34 in TSE on April 8th and then reaching to $3.51 in today's morning trade, completely ignoring the ASX closings (Conversions between Australian and Canadian dollars are almost equal). I still expect Orocobre to move forward towards their nameplate production target of 17,500tpa. This should keep the price momentum of the shares, as this is the only company having new Lithium Production in 2016.
GLTA longs