Ann: Half Year Results Conference Call, page-29

We haven't avoided debt like a plague. We only recently paid off the last of it and still have access to $50mil if required. It has put us into the best position of any Lithium company imo.

In the end yes, you bought Sydney property with debt, great. But if you bought it with cash you would be even better off because you wouldn't be paying interest, pretty simple. You didn't pay cash because you didn't have it. Galaxy do. In hindsight getting into debt for Sydney property was great. But not so great in parts of the USA like California... or Ireland...

If we have enough cash to develop SDV and James Bay, why do we need to borrow at this stage? Once these two projects are underway and cash is flowing in we can borrow for new projects or a move into a "related market"... But then again, with the amount we will be earning from SDV, we probably wont need to borrow then either.

I trust management to do what is best. Nothing the current management team has done makes me question their ability to make the right decision. They have proven themselves on the mark again and again and where this money goes will prove no different.