Ann: PFS Delivers Lowest Operating Cost Flake Graphite Project, page-10

Hi @butz.

I am just a little curious and thinking out loud re the placement @ 18c offered to the firm SVM engaged to secure product sales.

Now if sales are well advanced with tier one customers as SVM have stated then word would be out and that firm and others in the know would be loading up at the current SP - a 60% premium to the carrot SVM dangled at 18c.

The SP is where it is for poor performance by management. Late with PFS - 60% above scoping study figures and mining was touted for 2020 not 2021.

There remains plenty of upside over the next 12 months but management really need to restore some credibility with some solid progress and solid confirmation on key issues in the next 6-12 months.

Interesting to see if his buddies take up the next capital raising as previous.

Have a great day all.