Ann: Notice of General Meeting, page-30

You need to calm down.
I'm down 47% which I see as a paper loss at present. If you don't believe that growth in economies will ever occur again then by all means cutting your losses would be wise. It is wisely recognised that there has been an underinvestment in new copper mines and exploration jeopardizing the energy transition. There are long lead times to bring a mine into operation due to a number of factors one of which we are seeing here as well as getting permits. We have already seen the BHP takeover of Oz Minerals be rejected because the target believes they are not being valued according to their growth prospects.We have seen massive grants handed out by the US Energy Department to domestically mine lithium, graphite and nickel to facilitate the green energy revolution. I'm not seeing much reference to copper but it's also a pretty important component of the thematic. They will realise the importance of copper eventually. Obviously, I would rather have seen finance sorted before economies started to crumble but I guess like many holders as well as the company itself, I guess we were caught out. Small caps invariably encounter ups and downs and the majority don't make it through. I bought Syrah many many years ago at 20c and rode it to 6$ (lesson learnt for not taking profit) and back down to 15c when It was producing graphite at a loss. I saw that as an opportunity and bought more. It's now back amongst the market darlings. Markets can get things wrong and this is where an opportunity is created. Cyprium has a team that has succeeded before and I feel the market has created an opportunity at these levels. I still feel comfortable with a good amount of my money being here. Sure our current price is not ideal but if we can ride out this turbulent period, we will be rewarded handsomely in the long run. Time will tell.