Ann: 2021 AGM Presentation, page-76

I don’t think you know how the market works, MC are base on the value investors give to it. It’s not about the company realistic value, but rather a speculative value. I don’t think derisking is a correct term, they’re progressing. They use actions instead of words, and have made far more significant progression than TLG in 2021 hence the vote of confidence from share holders/hedge fund companies to send the shares skyrocket, because ‘they deliver’. This does not mean TLG won’t be able to mimic the same progression in 2022, they just need to keep their mouth shut, and really work at it instead of giving us these non binding MOU like LKAB, MITSUI and other potential collaborators which have offered the same to other graphite companies. You need to go study about how investing works. If your analogy is true, Bitcoin is worth 0$: