Incorrect, and I would like to point out I was one of the biggest supporters of the BOD trying to ramp it up and trying to achieve the sort of outcomes cost wise that was foreshadowed in the PFS etc. My sentiment changed as of last quarterly where I stated that I had some doubts that they could improve the cost side of the equation enough to make this at minimum break even, and the continued deterioration of the Spod price has now made that all the more difficult, maybe impossible. So I value their attempts to push on but with change in Spod prices it may be time for their kahunas to come to fruition and make the hard decision to say "shareholders, it's become obvious that we cannot produce at a price better than current Spod prices, so in order to conserve the company's capital we are putting the plant into C&M until market conditions improve" . I would be happy with something like this unless they can prove my doubts wrong and the cost of production is below $785 US /T 6 per cent equiv, and it's not unfair to expect an update if this is the case. They have proven they have ramped up successfully, and continue to improve their cost of production, so deserve a pat on the back for that, but I hope that the members of the board who were part of Altura, dont just push on regardless of the lithium market and not make some strategic decisions to reduce risk. I feel my views on this are sensible and would hope that some people would give my views a level of respect they deserve before jumping to conclusions with regards my thoughts previously, which are totally false. I hope this clarifies my outlook. P.S it would be nice to have a decent bank balance once prices improve.
Christopher
SYA Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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