Ann: September Quarter Activities Report, page-76

I bought being very confident in Li & obviously being swayed by some posting on here (anyone who says they don't, simply aren't being honest with themselves) & rode the wave right up to 80c thinking PFS2 etc will see us through the $1 barrier & onwards.
But then I started thinking - "why haven't Woodside, Rio, BHP, Chevron" all these big players got the slightest interest in Li, then obviously global sentiment went from being positive to saying Li has no future, on top of that we do have some staff within BGS that are questionable recruits & you have to wonder what they are doing to justify their salaries. Then we have delays etc.....Now we are at a level where it's either boom or bust & also at a level when it's probably easier to swallow us than to do deals as we are vulnerable for sure - yet still, nothing, at these levels, we are not seeing anyone buying reasonable amounts of stock.....that does speak volumes.