Ann: Strategic Review of Operations Underway, page-71

Lol- shorters pumping out the ‘mantra’ that GM is to blame for this today.
Imo, it’s a gutsy ‘unpopular’ move by GM, that may be very prudent forward looking.
Is GM to blame for price of lithium- no.

‘The price of spodumene concentrate has declined more than 80% year to date, including by more than 40% since the end of October 2023’ 40% in just a few months!

Facts are, Co has been making Spod & fines and atm it has stopped shipping fines- as it’s not cost efficient.
It is still producing Spod- atm, but will continue to review this.
Reduction in exploration, BP33 work, all put on hold to conserve cash- which is essential.

Shorters might actually stop and think about this Ann- as it means Co is really serious in making sure another Raise is not necessary. Becoming an efficient miner and reducing costs is important.