i think its nuts. We also cant simply stockpile our reserves until we can fetch a better price. We need the cash…. So we sell good quality resource at pittance to keep the lights on and remuneration for the board coming in.
even on the back of a material decline in unit price. With the more recent steep decline in spot price. Management saying something would be better than sitting in silence. What sort of silly leadership is this?
Its really not a hard ask on further information about our investment is it? Or is it resentment at the first strike that has them uninterested in shareholder interest?
The negligence at this stage is astounding. Even the strategic review highlighted that they would be re-evaluating NAL at every opportunity regarding if C&M was closing in.
Why hasnt the quebec government come to the only spod producers aid. Do they really value a new lithium industry there? Or is it all about getting votes, all talk and little action?
At this stage there is limited ability to C&M and re-ramp in the future. Without taking on debt or big dillution to get more cash again. They have been burning it for too long and stupidly will continue to do so before the “oh ih spagetti os” moment we all can already see. They appear to be a slow bunch.
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