Ann: Annual Report to shareholders, page-95

It wasn't that long ago that there were posters bagging TAW/A40 and vice-versa. A40 went bust first and there too bonuses were sought for wonderful performance. Both companies were going gangbusters and the sky was the limit and very blue - until lithium prices dropped, debt levels were becoming unserviceable and some offtakers themselves appeared to have difficulties. As appears customary, shareholders were left in the dark until the also customary VA announcement and bye bye to one's investment. Not a pretty scenario particularly those with large holdings.

SYA, being a kind of sister company meanwhile ventured out to Canada with aspirations of becoming a producer and after a relatively long dark period, may just become successful. Lithium demand is there and it may just be that it may be the one that prevails.

I held both TAW and AJM and lost money on both - I also hung on to SYA through some challenging time and maybe, just maybe it may provide a way to recoup some losses. Perhaps some may care to look at SYA - but not meaning to cross promote. Good luck to holders.