Many here will be aware of the huge loss that PLS made over the last year but I think the below hasn't been noticed by many and may be of some interest.
As a former KDR holder I was wondering where they (WES who acquired KDR) were up to with their construction so checked through a bunch of WES ASX announcements and it seems that the FID for the Mt Holland lithium project has been delayed until at least 2021.
To me that is a big deal as Mt Holland is a huge resource with decades of mine life. Construction and commissioning would also be a much larger and longer undertaking than what CXO had planned. If a company the size of WES is not willing to make a FID at the moment I think that reflects either a huge amount of uncertainty in the lithium market's recovery or a complete lack of confidence that it will recover in the near term.
Were you guys aware of this? What are your thoughts?
CXO Price at posting:
3.8¢ Sentiment: Hold Disclosure: Not Held
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