...Mt Caitlin the latest C&M casualty, Kathleen Valley (LTR) next (on the cost curve)?
....if you are lithium mine operator now, the share price may be less relevant than survival and cash preservation.
....as I had mentioned in my post earlier, lithium producers have 2 choices under current conditions
1) put their mines into C&M to preserve cash or 2) produce at a loss
Electing option (1) would crash the stock price but satisfy the objective of preserving cash
Electing option (2) would drain cashflow that may in turn require a need to do a discounted CR
....so its either a quick crash and bottoming OR a protracted train wreck.
...I believe both LTR and PLS are opting for the latter option, which provides immediate and ample time to get out and stay aside.
