Allkem Ltd T.ORL

Primary Symbol: OROCF

Metals & Mining Industrial Metals & Minerals

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment.

PINL:OROCF - Post by User

Allkem Ltd

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Comment by Audax77on Jan 16, 2018 2:51am

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Post# 27365633

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

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.