Ann: Update on Product Offtake-PLS.AX, page-308

A "Binding" agreement is only binding if it's BINDING. It is NOT binding if it is NOT binding. Sorry if this sounds like sarcasm but it's meant to explain the bleeding obvious to management who clearly don't get this concept. The announcement of a "BINDING" off take agreement on 4/7/16 was..... AGAIN...... premature. While the GAM ROFR clause was in play the agreement with GL could not be described as "BINDING" . Did management learn nothing from Tabba Tabba???????????

NB once joked that water wont be a problem. That all PLS needed to do was collect the tears from small investors. Well, NB, you'll have plenty of water now.

But enough is enough:



Dear Management,

You are sitting on the world's greatest Lithium deposit on the cusp of a global energy revolution which will have Lithium at its centre. You are progressing the company into a world class corporation.

You have done so much right:
*Acquired the Pilgangoora tenements for peanuts.
*Raised capital at the perfect time (wish AJM had) and now you have $100m in the bank.
*Are well progressed in the signing of very favourable BOAs
*Are exploring growing the company into more than a miner by developing processing plants.

You are great managers.

Great manager, but you SUCK at PR!

PLEASE spend a very small amount of money on hiring someone who understand PR. I for one vote for SN; he clearly understands what is needed and speaks directly to us retail investors.
Think of it as an investment: good PR means a higher SP. This makes it easier to raise capital. Makes it harder to take the company over.

Don't you want to guys want to be a the helm of a world class corporation?


Sincerely,

Ratus P. Ratus