LRS General Discussion, page-19202

It’s unfortunate the way it’s played out, but it simply reinforces the risk premium that comes with investing in individual stocks but also in equities, generally.

LRS had so much potential and in a scenario where spot prices remained at ~$1.5kt probably would have seen the share price up near at least 50cents by production.

But the lithium macro has completely wet the bed and this completely changes the ball game. Theres nothing that any lithium developer management team can do to create value at these prices.

GL1 had an ANN today effectively waving the white flag.
WC8 share price thoroughly destroyed in the last 2-3 weeks
WR1 new 52week lows and sub $100m mkt cap

etc etc

And a few minutes ago MIN put out news saying that they are simply going to continue producing lithium at all three mines despite the losses involved

This type of behaviour is why I’ve lost confidence in spot prices rebounding. Producers making idiotic calls like this effectively guarantees little or no chance of a short term rebound for spot prices. No doubt LTR currently has the same strategy - just keep producing and hope for the best.