Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-123

In retrospect, a better, higher quality system & sorter should have been installed (as Firebird / FRB plans) instead of putting a cheap system into operation for approx. 17 MIO AUD, which constantly has to be adapted, expanded & supplemented, in order to reach a stable nominal value, which apparently still has not been reached after a year of operation.But afterwards everyone is always smarter and knows everything better .I really hope that E25 has learned a lot from all these mistakes and draws the right conclusions for the future. In this respect, there are also important empirical values that we shareholders may benefit from when operating a future battery manganese plant.This half of the year will be very exciting anyway as far as the news is concerned. In the short term I wish:- Possible nameplate production?- Achieving profitability under the current circumstancesIn Q4 I expect:- DFS- Announcement of location (Malaysia?!)- Purchase agreement with a car manufacturer or battery manufacturer- Joint venture?So it remains exciting, which is why I remain fully invested.