IMO paying 1m today actioning the option- gives them plenty of time to consider other corporate and commercial to reduce costs.
Paying 8.5m to defer it another 6 months is just piss weak and complete throw away of shareholder money and unnecessary dilution .
what are they going to do in 6 months from now if they are fretting over the spot price still ? Send another weak kneeling signal ?
this sends a message of weakness, and lack of confidence that purchasing a 1b asset for 52m, does not have a place in a future lithium 3.0
if they were to abandon this CR and pull the 1m trigger , then they have 12 months to consider commercial/ corporate cost reductions and send a signal of confidence to the market.
WR1 Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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