Ann: Change of Director's Interest Notice, page-16

Surely we should be waiting until after the DFS and/or offtakes, to be raising funds for construction (regardless as to whether we take the Chloride or Carbonate approach). I understand that raising funds is absolutely necessary, but there are ways of going about doing it to minimise dilution and thereby maximise value to shareholders. It won't be long before we are over $3 heading towards $4 if the price continues to follow the same pattern it has followed over the past 16 months. Obviously, raising funds at circa $2 is twice as dilutive as raising funds circa $4.