I've gotta say that whenever I hear SB talking about the project I always feel that he believes in it, rather than just feeling that he's there bullshitting while he picks up a nice salary, and that does give me confidence. There's no doubt he's correct that the world will be hungry for lithium eventually and even if we only start small there'll be enough profit to leverage into something bigger and better, be it at Finniss, Barrow Creek or elsewhere, and at a MC of under $30M it's a mighty cheap company at present if you do believe. If punters can't see it when (I think it's safe to use that word) the MMP comes through and push us to higher ground then I'm convinced someone else will see the potential and pick us off on the cheap. In other words, if we get the MMP and sellers persist and keep us near 4c undoubtedly a bigger fish will fancy his chance of taking us for about 6c a share. With approval in the bag, for a start you'd figure that if allowed by the FIRB Yahua would see the benefit in taking the lot for under $60M. But obviously a huge chunk of our shareholders don't share my view or else they wouldn't keep queuing up to unload for peanuts.
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- Ann: Quarterly Activities and Cashflow Report 31 December 2019
Ann: Quarterly Activities and Cashflow Report 31 December 2019, page-15
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