It's hardly surprising that an asset that sent two previous operators to the wall is undergoing a strategic review, "to conserve cash in this current operating environment". That last statement is wild - yes, lithium prices are off a massive spike, but are still historically well above most operator's cost base, and way above the 2019-20 lows. The issues outlined on page 2 plaguing the NAL operations don't sound like they'll be resolved quickly. And somehow, the market bids this up 5%... you've just gotta love lithium investors!
Ann: Strategic Review and Operational Update, page-61
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