Well the market is certainly out of lithium atm. This past month has seen further declines in spod pricing.
Apart from the unit price being the biggest focus in the next QTRly we really do need to start asking who decided ramp up was a good idea....
No references listed when determining point 3 of the "anticipated increase in lithium prices". So I ask again who they sourced to determine if or when a turn around was on the horizon. Cause it certainly doesnt look like it... An at present it could see the demise of this company.
We are currently racing to ramp up to a state that allows to operate at margin which day to day is getting harder and harder on the back of still declining spod price.
Our board has simply lacked any proper due diligence in their own industry to which they operate as we havent even had a stabilising of the lithium price and it continues to trend downward. So whos interest was this in? Definitely not in shareholders best interest.....
No margins
No cash
A board facing its second strike
The 300M MC is driven entirely by the asset value in NAL & Moblan everything else it seems Mr Market does not give two hoots about.
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Well the market is certainly out of lithium atm. This past month...
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