re: Ann: Galaxy Secures Spodumene Supply Agre... Invertedva and Moorookamick,
I could not agree more with your positions, but the savings are offset by what will be a big fat write-off for the mine. I would say the mine was never a suitable operation as the exchange rate excuse has already been disproved by Vraetorian.
As usual we are blindsided by a CEO who seems to be flying by the seat of his pants. Yes a saving is good, but only when the core strategy is still strong. I do not understand why Mt Caitlin was ever built based on today's announcement. Ohh I know to screw us out of our hard earned dollars.
Again another major failure for Iggy Tan. We need someone else, he needs to be rolled and fast.
What happens to the mine long-term if it never comes back into the money ?
We paid for this with our equity people.
Vraetorian, you have just disproved the shift in the currency as the reason for this move. It needs an answer from the company with some proof. Not sure if you are going to put this to them, if not I will.
I am not a big conspiracy person but those Talison dates look very, very suspicious.
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