AKE, or the old Orocobre (ORE) as many of you may know it, has rallied with a little less gusto than PLS over the last 12-months but not surprisingly their day to day moves are closely aligned. From a simple valuation perspective PLS is a touch cheaper and gets our vote but AKE looks to be presenting value in the $8-9 region with some brokers having AKE as their top pick. The stocks recent quarterly delivered better than expected production with solid growth from fresh operations coming through.
MM is neutral / positive AKE
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