Unfortunately it says a lot that they have elected to release this news on the last trading day before Christmas. Sounds like C&M is looking on the horizon, in these sort of cost/price environments, “strategic review” never ends in a positive outcome. But as unfortunate as it is for holders, this is what needs to happen for the lithium market to find its bottom - the very marginal, high cost producers have to start hitting the wall. SYA will be next, I think.
Ann: Strategic Review of Operations Underway, page-47
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