Ann: Letter to Shareholders - Post Administration Strategy, page-35

Where do I start.
Geothermal Li extraction in the Upper Rhine Valley is not from puddles or pools but from further down in the earth's crust spurting brine with Li 24/7.
DLE from brine is now a major competitor to spod for LiOH and more environmentally sustainable which is now very much in focus.
I invested into AJM for the squeeze we are seeing now, when DLE was more a concept than reality.
I would have sold out taken my $3 to 4 million and be on my patch doing my own sustainable adventure.
OZ Spod hey day is now.
The OZ companies that can lengthen there stay are the ones doing business with China and have a good relationship with their customers.
Europe will take all the Li that VUL can produce and then look elsewhere for Li supply.
Ganfeng is right up there to fulfill that need.
Ganfeng have a long standing relationship with VAG, BMW and Tesla and LG Energy
Lithium from Qinghai using DLE is a threat to OZ Spod in 3 to 4 years.