Well, it just about hit their target and the the arse dropped out of the lithium market, including us.
It's all a bit depressing. Yes, we have rode through this before. I didn't expect that we would go on another such ride. And not so dramatically.
I had the start of a slow lithium price reduction as my exit point, but didn't think that would come around for a couple of years, so didn't act on the current one.
Ah well, the fundamentals seem fine so I can only go with my analysis that if we go back to basic supply and demand, we should see lithium turn around and shoot back before too long. The future is just to epic and we are just at the start of the revolution.
On the permits, I did post something about sovereign risk (in the broad sense of ability to do business) with respect to permits what seems like well over a year ago. I was effectively told to grab my ankles and get ready for a dry going over, for suggesting such a thing. Yet here we are. JZ thought it would be done by the end of last quarter. He has a bit of breathing space before the AGM. I am sure he is working on having something positive to tell the faithful thereabouts. So many major announcements to come ...
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