Ann: Becoming a substantial holder from MUFG, page-68

biggest issue with environment is studies have been done that electric vehicle current is NOT more environmentally friendly. Which leads to the complex factor I was stating. How long will it take for electricity to be generated from green sources. Because current energy production method cannot establish a green future even if every ICE is replaced by electric ones. Another complex factor is the time frame of investment vs technological development in battery. The single BIGGEST RISK for lithium company and investors is not even if electric vehicle will take off but the potential for lithium to be replaced it self, from my research I think this is not possible within the next 15 years. When it comes to feasibility of electric vehicle. Its just not a matter of from A to B. If I can only own an electric car right now and I need to do a drive from Brisbane to Bryon Bay and back then Im buggered. If I would be stuck in Beijing traffic for 2 hours and I need to heater to be on for the -8 winter over there then I'm also buggered. Rumors of China banning ICE is just a rumor, if history has taught us any lessons, that is don't invest into rumors. China face many challenges to fully ban ICE and I think to do it by 2020 is not realistic, which again points back to the minimum of 5 years of investment time frame.

I'm not down ramping dont get me wrong, I'm heavily invested in GXY. But I'm tired of the blind optimism.