Ann: Appendix 4C - quarterly, page-31

Guys, stop complaining and blaming. Just one or two sellers don't determine the value of LPE, the company performance does it in the end. Now, here some facts you should rely on instead of some sellers' moves.

Fair value at PE 15 is 5c, fast growing comps like LPE normally get valued at PE 30 - 10c. That's what LPE will sell for at least at current GWh conversion rate.

Comps like BUB for example get valued twice as much as LPE on millions of $$$ of loss - just because some think they may make a few bucks in the coming years. If BUB stops producing their income stops - if LPE stops converting their income remains steady!!!!!!!!!!!!!!!!!!!!!!!!!!!!! BUB is at the risk on changing regulations - LPE is not. BUB got competition - LPE doesn't. So, LPE's undervaluation by 75 % won't be a long lasting matter.

Probably there are efforts in the background to motivate some holders to sell their escrowed shares in January to at least one superfund as there is almost no way to get a large holding on-market or without a CR. 10c now or in 5 months - no difference for a LT holder.

We can buy 10c shares for 2.7c - what an opportunity. Just because some throw their shares away doesn't mean LPE is crap.

2.5m profit last quarter and rising each quarter for the next 5-10 years, 10m pa at least, probably 15m next FY. The 4C shows a neutral quarter as LPE reinvests its profits to make even more. Already 7 GWh have been added again in July, it will be 15 more when the next 4C is released. Get used to quarterly updates - that is the normal way for a profitable ASX listed comp.

If you can't live with that, then sell. To me please.

GLTA