Ann: Half Year Accounts, page-5

"The ability of the Group to continue as a going concern is dependent on the Group being able to
continue to raise additional funds as required to meet ongoing exploration and development programs and for working capital."

That's a telling sign for the next 2 or 3 years. Still no revenue on the cards. So more CR's? Burning through $5-$10 million a year for the next 2-3 years until a P1 is built & producing within specifications.

$3.7 million COH (less now because March is just around the corner)

Shareholders need to think hard.

IMO billions more shares will need to be issued over the coming years.

Will the board buy any on market shares?? Risk their own capital just like shareholders have to.

If they don't, why are you??

IMO buying = confidence & with LPD starring down the barrel of sub 1 cent both the board & yourself can't lose......right??

Or will shareholders be the only ones carrying the weight for the next 2 to 3 years??

The lithium industry is currently been crippled by debt loads, low prices, oversupply & lack of demand. Some of Australia's biggest lithium players are buckling under the pressure. No one really knows when things will pick up.

They believe a P1 will be running by 2022? A little bit optimistic IMO, but you never know, if the LOI is signed in the next 3-6 months maybe. I will stick by my prediction of 2023 onwards, and that's only if BASF signs up.

It might take them 5 years to have the mine partly run on renewables?? Sounds like there might be supply or cost issues with renewables in Namibia?