Buying Renard outright may have been possible if the lithium price hadn't tanked
but where did you think the rest of the money to repurpose it was going to come from
Chris has always said that they would bring in a strategic at the right time
At the time of the Renard deal a lot of us assumed the lithium price had bottomed and was on its way up now we know it has only gone up a small amount
With these kind of macro conditions affecting all Western lithium producers its little wonder that plans will need to be altered going forward and Chris has shown a willingness to adapt to this ever changing environment
WR1 Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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