What happened to all the development work previously ? Wasn't ANSTO on board already, autoclave set up, feedstock promised etc. Yet the Presenter states LIT need to find a "slot" at ANSTO to start this new ball rolling. Furthermore they are setting FY25-26 as the target for something to pop out the other end which I would have thought as way too far down the track and doesn't support the notion of a wonderful idea that MINRES are apparently so excited about - so excited in fact they haven't said a word. Nah same ol' same ol' one would think. As for the reduction in cash spend, well given the entire business revenue is soley reliant on the Stewardship coffers, it would appear this is a shakey reserve to say the least. On that point would it be false economy to rely on income from hand-outs alone - where's the ramp up with the magic dust, which by their own admission is minimal volume wise. EV battery recycling will be "huge" apparently says the soothsayer thing is when and to what level in this country - wouldn't hold ya breath on that little chestnut becoming anything in the short-term. So there you go a spinning crystal ball.
LIT Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
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