At least the decision to divest its tenements makes sense right? Despite spruiking SiLeach and LieNa since 2016, they haven't done anything with either process. No point them hanging onto low-grade assets if they don't plan on doing anything with it. At least this way the company gets some cash.
What shareholders should really ask is how will the company grow? What is the long-term plan with recycling, and how do they transition into a chemical business?
I still see no long term plan from management. I get the new MD has only been in the role for 4 months, and it will take time to work out a plan.
I would have thought a much smarter plan would be to divest all assets outside of recycling, cut costs. The issue for Envirostream is the process is already old and outdated. How does the company transition to chemical production?
LIT Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
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