After listening to the LTR call this morning, it all seems so...

After listening to the LTR call this morning, it all seems so familiar. We have over corrected to the downside, which in hindsight was probably to be expected as pricing got too high.

Now reality will set in for a number of these smaller players wc8, lrs, dli etc, these projects are not economical without higher pricing, if ltr's banks are playing hard ball with them, then no ones going to finance the smaller players.

I'm actually disappointed by our share price performance given the better position we are in than even some of the stronger players in the market.

Our brines are still profitable at these prices and we have plenty of cash to keep expanding, there should be a premium on our shares because of it, I always felt that we under performed when pricing was high, but expected to out perform when it was low. Looks like I was wrong and we just under perform in both scenarios. Lesson learnt its probably the location of the assets that warrants the discount.

Either way, no point selling at these levels, this environment will stick around for at least a year until non economic production gets removed from the supply chain.