OROCOBRE Forum: Community User: derpate531

The Orocobre Limited (ASX: ORE) share price is up a staggering 10.84% on Tuesday to record highs of $9.51. Its stellar performance comes off the back of a surging lithium sector with ASX 200 heavyweights Galaxy Resources Limited (ASX: GXY) and Pilbara Minerals Ltd (ASX: PLS) surging 11.07% and 10.84% respectively. Broker slaps buy ratings on all its lithium stocks JPMorgan has five ASX-listed lithium players under its coverage including Mineral Resources Limited (ASX: MIN), IGO Ltd (ASX: IGO), Galaxy Resources, Pilbara Minerals and of course, Orocobre. This morning, the broker was overweight on all five lithium players, according to the Australian Financial Review. This renewed bullishness was underpinned by the view that “there will be 19 per cent a year increase in demand for lithium over the coming 10 years, on a compound annual growth rate basis, based on demand for electric vehicles and batteries.”, according to JPMorgan analysts. “That means supply will struggle to keep up, and the analysts said they would see a deficit beyond 2030.” The conviction from JPMorgan analysts seems to have resonated strongly with the record setting Orocobre share price on Tuesday. Mega merger on the horizon On 6 August, Galaxy Resources shareholders voted in favour of the merger with Orocobre. The next step for Galaxy is to receive approval from the Supreme Court of Western Australia. If all goes to plan, the implementation scheme is expected to be complete on Thursday, 26 August. The merged entity will rebrand under a new name, which will be announced in due course. The merger will position the combined group as a top 5 global lithium chemicals company, with a highly complementary portfolio of assets across Argentina, Australia, Canada and Japan. Orocobre share price snapshot With today’s 10% jump, the Orocobre share price has now doubled in 2021. The company’s market capitalisation has ballooned to just shy of $3 billion. Post-merger, the combined entity would have a valuation of about ~$5.6 billion. Not far off Pilbara Minerals’ $6 billion.

Was ist am 26.8.?

Oro wird stetig gut weiterlaufen. Vor allem am 26.8. wird sich was tun. Einfach liegen lassen und gegebenenfalls nachkaufen.

Ach! Oro löuft. Herrlich ✌️👍

Was ist passiert?

Verdammt... Ich wollte gestern Abend erst noch aufstocken 🙄 Hab mich dann doch dagegen entschieden... Jetzt erstmal abwarten.

Träumen darf man - aber 10€ dieses Jahr ist wohl eher Science Fiction

Diesen Monat auf 10€

Diese Jahr noch auf 10€.!!!

Nicht ot the Moon - aber stetig weiter nach Oben - bis 2025 auf 10€+

Kann so weiter gehen 🤘

Heute to the moon

Sehr schöner Anstieg...

PS : Bericht des IPCC spielt dabei wohl auch eine Rolle

Damit sind wir fast an meiner Jahresendmarke vorbei geschossen, lag bei 6.5€ - Ein schöner Tag - und die Welt dreht sich weiter

Merger ist durch - Lithium wurde dieses Jahr schon um über 70% teurer - Infrastrukturprogramm der USA ist durch - Was braucht es denn noch?