Ann: More Positive Lithium Results at Mt Alexander, page-29

@ozblue Mate the Li attacks are getting boring and repetitive. Yes we all know you hold a grudge against management and like to play devils advocate in here. However these posts are all the same nonsense... non stop going on about these thin pegmatites etc. It’s just the first drill program for crying out loud, once we get a better understanding of what’s down there then we can Diamond Drill and prove the thicker profiles of the pegmatites!! You have really ramped up your negative rhetoric in the last couple of weeks as the market changed and became more bearish in the Li space. Before that, when we climbed from 3c you were relatively silent other than the odd weekly post.

In this region these pegmatites occur as swarms. They create patterns which are thin, interbedded amongst the granites and irregular. We all knew this from the start, after the initial Li rock chip sample news, then when we took a look at previous historical Mt Alexander drill hole data which targeted Ni-Cu-PGE at the time. We started to see the irregular patterns and pegmatite intersections from the lithologies logs. Therefore it’s no surprise. What you are saying takes nothing away from the excitement generated from a first pass drilling program which is proving Li. It doesn’t need to be huge intersections to generate an economic deposit at the Li prices we currently see. Not to mention it’s still open at depth and open for 14km of unexplored geology. 2 years ago if this news came, with the Li sentiment at its peak, this stock would have run 5-10x imo. Unfortunately the news is starting to arrive at a tricky point In the market with Li sentiment lagging due to global recession confirmations and the usual Christmas sell off period. That’s the reason the share price hit the red on the back of this announcement. This isn’t a bad thing though, profit takers are cashing in before Christmas and the register is turning over in preparation for another run early in the new year imo.

Also, all assay data is still outstanding and will arrive in the next 4-6 weeks. We have potential for the confirmation of Spodumene after the labs do their thing. The fact our neighbour RDT confirmed Spod in similar geology is also a very good sign. Plus news of another $2M investment by a big player at 8.6c is a huge positive sign imo. These big firms do their due diligence and wouldn’t stump up that sort of cash at a premium for no reason. We also have just under $10M in cash for exploration now. We shouldn’t expect anymore capital raisings for at least 9 months, even in this high inflation environment. If we do, then it will be because of more good news/acquisitions or management wanting to speed up proceedings.

The Christmas period will probably allow a few who missed out under 7c to get involved in anticipation for next year. That’s never a bad things because I would love to see as many investors enjoy the upcoming period as possible. We will be ramping up exploration big time and that’s what an explorer needs to do in order to attract attention. More newsflow and results means more liquidity and hopefully higher share prices in the near term.