Really!...sounds like a rant to me from someone who wasn't...

Really!...sounds like a rant to me from someone who wasn't present at the JV meetings so hasn't a clue what was involved.

Supposedly I havent a clue of whats involved...... LOL I strongly suggest you go back and read the flipping Operational Review whisky.....
The market conditions IE spot pricing was put last on the list of discussed reasonings from Brown ANNNNNDDDD I might add that the last one was on "anticipation" of a recovery in Spot price. Without naming any independent sector analysts to substantiate the claim.....

Sayona’s Interim CEO, James Brown said: “The NAL operational review was a critical exercise to
ensure we are optimising our resources and positioning Sayona for long-term success.
Importantly, there is clear line of sight towards achieving steady state production in 2024, while
NAL will further benefit from capital improvements such as the Crushed Ore Dome. Process plant
recoveries have exceeded expectations, a significant milestone in any ramp-up, with multiple new
daily production records achieved in March.
“Throughout this process, a key consideration was the direct impact on our dedicated workforce
and host communities. This review has also validated our approach to continue to assess capital
improvement initiatives that will increase production or lower unit operating costs.
“Looking forward, we will regularly evaluate NAL operations in the ordinary course of business
based on prevailing market conditions and the ability to achieve our operating cost targets. We
are confident that this approach to considering alternatives and maintaining optionality will enable
Sayona to maximise value for shareholders ahead of an anticipated recovery in the lithium market.
"Over the long term, we remain optimistic about the demand profile for spodumene concentrate
and other lithium chemicals. With high quality lithium resources, Sayona is well positioned as a
reliable, strategic supplier of lithium products to serve the North American EV and battery market
as the energy transition accelerates.”

1) blah blah blah steady state production and benefits of the capex items to help lower cost
2) we love our workforce and want them to suck on the teat of SYA SH and therefore they were a big consideration including hush hush our own fat pay cheques and KPIs.
3) anticipate a lithium comeback......

There are a multitude of sources out there discussing lithium price forecasts. Goldman Sachs has said they saw the recent uptick in spot price as a short cover. So long term expect it to be more bearish.A quick look at SMM shows only a marginal uptick with even over the last few days no gains and just relatively stable.Various other sources predict only a slight gradual uptick between now and 2026 before a drop down to ~1000 USD/t.

Say what you like about what I am saying is a rant Whiskers. The reality is again they are playing roulette on the spot market being favourable in 6-12months time with investor funds. Rather than taking a conservative approach. But hey we will see, coin goes in maybe they hit the jackpot in 6-12M with a steep rise against many analysts.........