Chart, page-14831

"Even though it does not impact our DFS’d SDV operation’s life or reserves." I'll get back to this~~ your statement in a gas car moment.

You are right I don't think much of Hollywood Tony these days. The best he did for Galaxy was to get the merger done. As to your claim/statement "how to run the business better" it implies you think there's a real impassibility I could do so given the chance. I like that coming from you. However, I have no interest in doing so, as it would be very boring to me and plainly would not fully commit to doing so. I'd lack in fiduciary duties to all concerned including myself on a good Hawaiian surf day. And being a water-man I'd find other activities. such as sailing and fishing.

Now, just you Sir, explain to me why POSCO would give Galaxy a quarter of a billion dollars if it didn't think it could raise 4 or 5 times that? Please be serious too.

"Seriously, where would we be today without that cash?
Seriously. That makes no sense." These my friend are quotes from your address to me. I say in answer... Galaxy would be in one tight spot and need to be doing CR's until the end of 40 years time... unless it had unloaded JB. I trust you have seen the losses project for this year and a couple more further out. Here's a link I trust you have already seen and read several times:

https://www.bellpotter.com.au/ca25/Research/GetFile.aspx?id=E64F3D4B-D97E-40BF-93CA-B9774DA4A6CB

This link is just for your entertainment:

https://www.investopedia.com/ask/answers/032515/what-are-different-ways-corporations-can-raise-capital.asp