I still await the day when these "hold yet whinge" posters come...

I still await the day when these "hold yet whinge" posters come up with a rational, reasoned and practically achievable alternative to the current path the company is on.

It's not about having to like how events have played out over the years its recognizing that the collapse in the price of Spodumene has meant survival takes priority over grand aspirations and that requires getting over the petty nonsense and dealing with reality.

That reality is untill the price of spodumene exceeds the cost of producing it the options are C&M or doing what they are doing now and have been for sometime. The Company didn't cause the collapse but does have to deal with it.

Probably the best comparable situation is CXO, they went into C&M ( no choice really) without finding out what the true operating costs were, which means IF they ever restart it would require higher prices for a sustained period before they could even consider doing so and a dilutionary CR required to restart and maintain a strong balance. They won't be in a position to take initial advantages of any turn around in prices. In the meantime they burn existing cash with absolutely nothing to show for it other than studies to show how it might be and dreaming of Gold mines.

SYA/PLL chose to complete the ramp up and discover the operating costs with the option of C&M still there but with dilution up front. If the Spodumene prices do firm in the next 12-18 months we're in production and ready to take advantage of it. We are also building contacts with customers and potential future partners as a current supplier not a potential one.

Both rely on firmer prices regardless and both have no control over it.

For those who get bitter and twisted over salaries and director's fees then remember, like it or not, they are based around industry standards and if you have the required skills , experience and desire you also have the chance of becoming one ( and the online abuse that can come with it).

Otherwise you have to rely on them doing something you aren't capable of or have no desire to be on your behalf. No one is forcing anyone to remain a shareholder if you don't like what are doing, but whinging about it while still holding is an exercise in futility.

It's one thing to be critical about events but it's another thing to be stupid about it.

Cheers Whisky