Disagree with you. This is the rational thing to do. In times when the lithium prices are not good, it is best to restrict production, reduce cost and look at other options. They have adequate ROM to generate some revenue and see them through the wet period. Other lithium producers should also do likewise in production and when prices stabilise and move upwards, to go into normal production. Cost cutting measures will ensure that cash position is adequate and not seeing too much of a cash outflow.
CXO Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
