Unfortunate news from our client, Core Lithium, in the Northern Territory today with a strategic review underway at that poorly performing operation;
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5we6yxT2v/Rh8LFiGug=
“ The review will prioritise preserving business value and future options.
Given the difficulties associated with mining and construction in the wet season and the focus on reducing expenditure, BP33 early works have been suspended.”
Primero is still recruiting staff for Core according to Seek ( with two ads still running!) https://www.seek.com.au/core-lithium-jobs/in-Darwin-NT-0800
… So it won’t be as bad as the shock/horror more than 20% fall in the share price there today indicates … although (as an investor there) I am glad the ASX isn’t open for ‘boxing day sales’.
On even bleaker in human terms (but potentially price accretive) wet season fronts are those floods in far North Queensland - the end product of Cyclone Jasper - which have created awful damage to infrastructure and more and so may lead to Golding contracts early next year?
And once again may all be safe and have bright sides to dwell upon as we head into the Christmas break .
Cheers
2023 General, news, etc, page-205
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