This conversation has gone off the rails. Cost saving announcement only. Major activities are done. Biding our time until a deal gets closed, and DFS gets announced.
Nothing material regarding lithium. Nothing material regarding gold. Just cost savings which we have been asking for. A lot of histrionics right now. No catalyst to buy, no catalyst to sell. The burn rate just reduced. Take it easy.
Yes Chris came in with promise, delivered on DFS development, increased the size of the prize and represented himself and the lithium asset well. However, whether due to external or internal reasons, couldn't deliver a funding term sheet or BOA and was not willing to buy on the market (his choice) which is what shareholders demanded in these trying times. Executing his good leaver clause. End of. There is not much more depth to this until the next announcement.
MLL Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held