Ann: Half Yearly Report and Accounts, page-21

Just keep in mind, these comments are one persons view (Joe Lowry) of ORE and his comments are significantly different and inconsistent with the majority of the market analysts that have reported over the past few months since Orocobre became cash flow positive.

IMHO, if Orocobre achieves or again exceeds their production expectations, Orocobre will have definitely turned the corner.

The Report is clearly misleading if you take a look at page 5 of the 6 month financial report which clearly states that the level of battery grade Lithium Carbonate was99.8 to 99.99 %. This is close to if not world best practice.

My view is that the author has an alterative motive in trying to push the price down and deserves to be put in the virtual waste paper bin.