RE:RE:RE:RE:RE:RE:Couloir New Price TargetSome good posts last few days, thanks to the regulars.
I have learned to be very patient here, and hope this will pan out the way we all hope and pray it will.
look at the news from Orocobre, and look at their earnings and valuation, yet the share price was under $2 CDN a year ago, and now trending higher and around $5.69 as I type this. Their guidance and pricing is what caught my eye, a few lines are below. Note, do not own any shares . Hope to be out golfing for real next week, weather permitting.
Coop
BRISBANE, Australia, April 13, 2021 (GLOBE NEWSWIRE) -- Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) advises that following a successful sales campaign and strong market demand for Olaroz lithium carbonate during the March 2021 quarter, sales were 3,032 tonnes at US$5,853/tonne FOB1, with pricing up more than 50% on the December 2020 quarter. Lithium prices received by Olaroz are now up nearly 90% in the last six months.
Orocobre also advises that prices for the June 2021 quarter are expected to be approximately US$7,400/tonne FOB1, subject to shipping schedules. This pricing will be the highest pricing received since June 2019 and is expected to result in H2 FY21 pricing being approximately 20% higher than prior guidance.
Forward sales enquiries for all grades of Olaroz lithium carbonate remain strong and all budgeted FY22 production is fully sold and subject to variable pricing that will benefit from the expected continued improvement in market conditions. Additional production will become available when Olaroz Stage 2 commences production in the second half of CY22.