The renamed Orocobre (ORE) was slapped on Monday after starting the day off firmly, the lithium space was clearly included in the high risk / beta basket which makes sense as it’s often played by the aggressive traders. The companies just been included in the ASX100 which probably contributed to the stocks squeeze above $10 but its already 18% below last weeks high, another 6-8% and MM will be interested in this major lithium producer.
NB The company changed its name after Orocobre (ORE) merged with Galaxy Resources to form a $5.4bn lithium goliath.
MM likes AKE under $8
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