Orocobre Ltd. Milton Qld OROCF

RE:RE:RE:RE:RE:Any guesses on why the Halt?

[Audax77]

I believe they said they wanted an appropriate amount of liquidity for a company of their size.
Given that they have $50m cash right now, plus $10k+/T margins Olaroz will be clearing in H2, I'd bet there's another hydroxide plant in our near future, probably in Europe.

tiger6301 wrote: Just quick read through the announcement and new presentation, what the extra 103 millions US dollars will be used for?  They needs capital for sure, why so much?

tiger

Audax77 wrote:
All releases are listed here: https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ORE&timeframe=D&period=M6

It is a capital raise, of sorts. but tied with Toyota aquiring 15% stake in Orocobre at a 17% premium ($7.50 AUD/Share),  increased (25,000 tpa) phase 2 expansion and accellorated phase 2 expansion (commissioning in 2019)
Total carbonate production will be 42,500 tpa
10,000 tpa hydroxide plant in Japan going forward.