Ann: Appendix 4C - quarterly, page-31

Those who complain here are in fact just frustrated that LPE isn't on the buy list of ASX / CHI-X traders. Currently Lithium stocks get all the money of the world thrown at them despite only a few will ever make it to produce and even less of those will make a profit. So, if not happy here then they should sell out. LPE is an income earning growth stock that will never be on traders radar as the income numbers range is predictable and therefore no hype to lure people in can be created. The core business is already CFP but due to investing profits into organic growth LPE is still CFN. As I wrote before, AMAZON isn't profitable according to their books either and yet nobody has a problem with that. From January we can use 150 GWh as a minimum billing base - about 25m revenue at least pa and if they would stop expanding and just maintaining they would make a profit of 6-10m pa, a MC of at least 90m - 150m based on PE 15, a sp range from 3.6c - 6c. But they are growing and LEN will add even more to it. It is difficult to value Lithium stocks and investing there can be a huge windfall or a huge loss, at LPE from here the only way is up as the sp is well below fair value. Old fashioned investing based on real numbers always works out but it takes time. If that is too long for some - then they should leave.

Now, anyone kind to fill my 2c and 1.9c orders ?

GLTA