Amazing strategy by LIT management, they're able to keep re-inventing themselves & move with the ever changing market, as a strong company should.
Unlike other companies that are just ploughing ahead, issuing billions of shares or planning on racking up a massive amount of debt & haven't yet realised the Lithium price is falling in a very depressed market that will likely fall for sometime, LIT management have entered a market where there's still profits to be made BUT with less overheads & investment needed in order to generate an income to get us through the downturn.
In the future when the Lithium price rises again LIT management can change strategy & use the profits from this venture to further increase our market position.
Keeping LIT debt free, holding assets, cash on hand & generating an income will keep LIT in a much stronger position to weather the current storm in the Lithium market while others may fall to their own demise.
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