Ann: Trading Halt, page-44

My first post on HC for a long time. The PLL cap raise reminds me of the LPI cap raise in late 2017 in that some thought it was excessive and unnecessary given there was still plenty of money in the kitty. LPI still has plenty of money and has completed all its pre-development activities in preparation for finance, off-takes and construction.

PLL has done the right thing in loading up the cash kitty. It now has more than enough money to get it through to the construction stage. I took advantage of the price dip on Thursday to load up as I believe PLL is one of the top five Global Li prospects proceeding to development. PLL management is ticking all the right boxes and given its massive geographic strategic advantage, it is only a matter of time before suitors arrive and the green light is given.

I would like to see PLL acquire more land and prove up a larger resource, despite the current resource being more than adequate, as hopefully when the EV revolution well and truly kicks in, being able to accommodate a potential production increase to 30k or 40k per annum would send the already impressive project NPV into the stratosphere.

Pateince required.