GREY:OROCF - Post by User
Post by
vchesaron Oct 31, 2016 10:01am
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Post# 25405103
Orocobre gone gangbusters at ASX today
Orocobre gone gangbusters at ASX todayOrocobre trading in ASX today was a big blow to the short traders. Increase in share price was 20% closing Australian $3.83. Means in Canadian currency, it should be trading at $3.91.The amaysts 2017 target price is $5.70 and 2018 price is $10,12. Orocobre received and average US $9,334 per tonne resulting in a cash margin of US $5,755 per tonne. This is going to be an on-going feature in the coming quarters for ORL. Short traders are busted and ORL can move upwatds now. Good luck to all shareholders.