If management had grave fears about ever going ahead with the Renard acquisition - and I say IF - then they'd be better to pull out right now, without wasting another cent. Then they could mothball Adina for the time being and proceed with exploration at Sirmac-Clapier. Then if results for both lithium and caesium were very good the SP would have a fair chance to recover. It's possible, though, that there's a lot more to all this than we currently know, and it might involve a strategic partner.
WR1 Price at posting:
42.5¢ Sentiment: None Disclosure: Held
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