Changes at AGM to Drive FL to Production Ridethewinners, your assessment is very accurate once again. You definitely have your finger on the pulse of FL's tortoise-pace Lithium development.
No point beating a dead horse here, the Exec's and Directors have maxed out their capabilities and pace of movement to production and that is what has happened here.
Frontier's strategy errors made some years ago, otherwise, Frontier would be currently experiencing to some degree the cash flow and profitability that Pilbara is experiencing, paying out a special dividend or buying back shares.
At least Frontier finally gets it. The drilling is done. That expense goes away for now.
There is at least Lithium ores "on surface" and "in the ground" known for 30 years.
Anywhere a Frontier Lithium drill hole is placed, Lithium is intersected.
Even FL's worse holes in the past decade are on par with Lithium's average grade being drilled around the globe (0.8, 0.9, 1%, etc....).
It is time to construct the operation or some degree of production capacity. Already long overdue.
Additional exploratory drilling can be done once Frontier is operating and pulling in revenues similar to what Pilbara is currently experiencing (that is, if the Lithium price holds up, on the other hand, lower Lithium price exponentially expands EV mass adoption and creating even further demand for FL product if Frontier was positioned to be selling product).
Ridethewinners, getting to production operations.....now there is where changes need to happen ASAP as you suggested.
The seasoned operators that positioned Pilbara Minerals to capitalize on robust Lithium fundamentals are now engaged in the PMET Lithium development which has quickly surpassed FL in many aspects. (see highlight of Pilbara news....$2.4 BILLION NET PROFIT....1 operating year) Pilbara’s record lithium profit blew out office calculator
Pilbara Minerals has raised the prospect of paying a special dividend and buying back shares after the lithium miner produced what chief executive Dale Henderson described as an “incredible set of numbers” in 2022-23. ......posting a full-year net profit of $2.4 billion on Friday. Pilbara Minerals’ result came on the back of a near doubling in price for its spodumene concentrate, and a 68 per cent increase in sales volumes to 607,500 tonnes.
The company received an average price of $US4447 ($6928) a tonne for spodumene concentrate in 2022-23, up from $US2382...............