Ann: Section 249D Notice Update, page-8

Am I missing a point here - Since the cobalt price tanked, along with it CLA's share price, I have not been active and looking at it regularly as my time horizon in CLA when I entered was 3 to 5 years. It's been a year and nine months since I invested. And the last year or so has been painful. Now on hindsight it's easy to say that it wasn't the wisest decision to enter when cobalt price was near its all time high, now that it is crawling along near the bottom.

Can the present management do much more than wait for the Cobalt price to climb above the estimated cost of production of $45k a ton, before they can take market positive actions for the CLA price to move up? Cobalt's place in the EV revolution is still as good as it was in early 2018, or is there something I haven't taken notice of?

Of the three directors suggested in the 249D letter, two seem to be involved with mining companies doing no better than CLA at the moment and one seems to be with Fisher and Paykel. Can't say about Oliver, but to me, BB does seem to have more skin in the game than those three...