Ann: Board Restructure and Cost Savings, page-28

That's a bit extreme saying "many lives have been destroyed" by MLL.

This is a high risk company so people should have only invested what they could afford to lose in a company like this.

The cost reductions and putting the Lithium project on hold is a very smart move considering current business conditions.
What was the company supposed to do as no Lithium project has any chance of getting additional funding right now so there was point in spending more money on it.

Preserving cash and concentrating on the gold is a very smart move.
When the Lithium market recovers (which it will) they can then review their options which could be selling the whole asset, farmouts or trying to develop it themselves.
The lithium will still be in the ground in 12 months time and the grades will still be just as good so its far better to just sit it out for a while and then maximize shareholder returns on it at a later date.