My take on this option extension is that management have no confidence in the lithium price rebounding for the foreseeable future. Donald Trump's return to the White House may also have played its part. I'd say they're seeing the extension as a play-safe tactic to avoid putting their head in the meatgrinder at this iffy time. Possibly they're also hoping that Sirmac-Clapier could reveal something outstanding before having to commit. It's not good news but I think I can see their logic and on balance I have to agree with what's been decided, apart from the SPP aspect. I never like those. They just drag things out.
WR1 Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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