The timing and association with Li stuffed us. There is no doubt...

The timing and association with Li stuffed us. There is no doubt that the ESS deal knocked the stuffing out of us with the Li price collapse plus the dilution. Whilst Bill likes the longer term exposure to Li price recovery, and synergies/capex saving with MIN processing, I think the timing of that deal made us a target. Add the MIN decision to quit shortly after the ESS deal closed and both events have effectively cost us a +$1 in value and crushed all the good news since. You would think 6mths of pain should be effectively behind us, BUT the market isn't buying talk and we need to see delivery. SP with flip and flop around 2.00 - 2.50 until we get WL financed, FID and a start date. Bring it on..