Ann: 2021 AGM Presentation, page-94

@@ljcamp I don't think you are joking. Evidently you are deadly serious....and delusional.

Keep it coming LJC. Everytime you threaten or make a smart remark I post more worrying metrics on ORE.

Lets have a look at those operational cash flows. $10.4 million outflows in 2020. Now despite the rally in Lithium prices and record production, they got worse to $15.7 million operating outflows in 2021.

Olaroz Stage 2 expansion, US$216 million has been spent already and its still not finished falling short of management time lines on new production - COVID of course to blame. Now what was the capital raising for stage 2 again? $156 million AUD....hmmmm bit of a shortfall there. Now what might I consider if I was an executive of a company trading nearly fourfold from where I last did a capital raising to cover my cash burn and blow out in expenses on new projects? Another capital raising anyone? Ching, ching.

Most analysts put ORE price targets around $9-10 and those forecasts assume a huge and succesful ramp-up to revenues pushing up to $1 billion and operating profits of $0.5 billion USD in 2024. Not a lot of upside left. Lots of potential for not living up to that perfect and hugely expansive execution. Its a long way to go from $85 million revenues and $4 million EBIT in 2021 - 11 x sales and 125 x EBIT.

(You give me oxygen LJC, and inspiration)