Ann: Change of Director's Interest Notice-PLS.AX, page-9

Hi Scruboard
I think you are being extremely unfair in your criticisms on the PR front. First of all they number of articles being published on PLS and lithium is at a very high level compared with 12 months ago. The company continues to use many media outlets such as Read Resources to get the message out. Are they trying?? well based on what I have heard from them YES they are trying. Much of the information currently being published only comes after the journos have consulted with the company.

On that subject I heard one of the directors say quite recently that although they can push information through to newspapers and institutions that information is often not passed on to their readers or clients or it may take several weeks before anything happens in that regard. Just consider that 12 months ago we only had Beer & Co putting out (paid research) reports on PLS. Now many brokers are putting out reports and generally they are very optimistic. It was great to see Barry Firzerald in the Australian yesterday mention that "lithium has got a second wind". Joe Lowry certainly is a big believer in the future of PLS and quite frankly I think his opinion is highly regarded world wide and much more highly than an Aussie journo or pimple face 25 year old analyst working for a broking firm.

I know that I would much prefer they put their efforts and energy into:
1. Proving up the resource (tick)
2. Signing offtake agreements with funding attached (in progress could be completed within weeks)
3. Finishing the DFS ( six weeks away)

These are the things that really matter to moving PLS forward and will eventually flow through and be recognised in the SP.

As I mentioned yesterday, the move into downstream processing is "a game changer". I would not be at all surprised if in five years time PLS was a major player in the world lithium market. If they build a scaleable plant (which I am sure they will) and the world lithium market grows as we expect, PLS would be extremely well placed to be processing huge volumes of lithium finished products and capturing a very large percentage of the profit that is on offer. In five years time, assuming a 200m ton resource, they could be the largest producer in the world or moving quickly in that direction.

Make no mistake this move into downstream processing of 6% lithium concentrate into finished lithium products will have a significant impact on theit bottom line and effectively turbo charge and super charge their profit. Combine that with potential to double or triple their output and you have a recipe for a mind blowing profit and off course SP.

I generally dont post very often but when I see false or unfair criticisms being posted I feel I have to say something. For Scruboard and people of his ilk I suggest you direct your feelings directly to the company, I dont ring them often but they know who I am and I have always been happy with their response.
Chrs W2