LOL...
These shorters are really stupid and weird.
The journo says this news is taken from The Australian newspaper. Has anyone seen a news like this on The Australian newspaper? I'm wondering why the journo did not contact the Liontown office and asked the base of the news. (if she contacted she would say on her news).
All the same puppets.
First of all it's quite ordinary to me that some staff would be laid off after the production was started. There were a lots of different type of jobs both in headquarters and at the KV site related to construction, commissioning and logistics of all that, they might be both blue and white collars. There is nothing strange about that.
The company must go to a restructuring now because it's become a producer. It's not a explorer or developer any more. Everything needs to be realigned in the company.
Also, when the market is in though it's normal to shrink the company. When the business is though; shrink immediately, when the business is good; expand back again. I did that 3 times in my business life and never had a problem.
Also this news is really weird too. It says "Liontown Resources lays off executives, staff in tough lithium market". Who are those executives? No clue.
"Liontown Resources on Tuesday axed about a third of its head office staff, as lithium prices continue to languish in a market many believe is oversupplied as the take-up of electric vehicles lags behind expectations."
There are three unprofessional assumptions in this part of the news;
1) "Liontown ... axed its head office staff" - This is not confirmed
2) "in a market many believe is oversupplied" - Not the journo's own opinion but saying "many believe". Actually many don't believe. Only some of those journos believe as paid workers of someone.
3) "the take-up of electric vehicles lags behind expectations". Really. LOL... Same again. "Many believe".
Same crap, same BS, similar puppets.
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