Whilst this is a bummer for existing holders, the rest of the market will be seeing this as a further sign the bottom (of the lithium price crash) is almost in. We probably need to see another one or two projects put on ice (C&M or even VA) for analysts to begin changing their tune(s) on future pricing.
A sad day for shareholders, staff and local contractors. This is where Gareth needs to earn his pay packet by ensuring our current cash balance and enterprise value is preserved (as best as possible).
This is 2017/18 all over again.... with a slight difference.
GLTA, it's going to be a long ride!!
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Open | High | Low | Value | Volume |
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12 | 541984 | 0.090 |
4 | 122200 | 0.089 |
8 | 560905 | 0.088 |
11 | 742795 | 0.087 |
Price($) | Vol. | No. |
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0.093 | 10000 | 1 |
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