Just look at the current market caps of the oz Li players.... (excluding MIN)
PLS A$1.1b
GXY A$800m
ORE A$774m
KDR A$554m
AJM A$245m
A40 A$234m
It seems clear to me that it is an industry squeeze playing out and that all the fledgling players will be forced into mergers/ acquisition/ bankruptcy/ hibernation or simply extinction.
This is what the big end of town is counting on. They will endure some short term pain in order to clean-out the threats from new up and coming producers. And, the likes of MS, MacBank etc are complicit..... as are the so-called industry experts.... JL included.
The line of attack seems to now be WA spod producers..... and they are being targeted to ensure we don't get too strong. Talk about cartel behaviour!!!
That list above is starting to look like a hit-list rather than as a list of opportunity plays in the Li space.
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