IMO, PLS's stance of ramp up production plan is part of the reason why Lithium can't still find the ground.
OZ SC6 price had been stable, barely unchanged before that stupid announcement.
They are low-cost producers but it wouldn't matter if the prices keep on falling.
I've been following global Lithium gurus in different forum.
Their common belief is that, PLS should've cut some productions for us to see SC6/Li turning around. Not a stupid way around, ramping up production.
CXO, ALB, MIN and most others (South America) have done the right thing.
PLS itself would never drop out of shortest list otherwise.
1 in 4 PLS shares are crazily shorted and never been better.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-15
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