Ann: Development progress - Lindi Jumbo project, page-1380

Hi TrouserGecko.

Thank you for providing the table showing the price fall in graphite prices for flake, expandable and spherical graphite,

I do appreciate you backing up my statements the graphite market is oversupplied and the prices have all fallen along with your commentary where you explained the correct way to produce synthetic graphite using coal/petroleum coke, You could have advised Stirer his method was incorrect, and left out the bait about another company that I hold. But I guess you still managed to provide the right information to your fellow shareholders and they seem to be very supportive of your post.

Getting to your bait, Yes I am supportive of that company moving forward with its PSG facility, they had the cash to build stage 1 and they don't have a high-interest loan over a 3-year period. you would also know the current PSG prices are around the same as their forecast production cost, They might not have been making a profit but it would validate the eco-friendly production method and allow the company to secure binding offtakes for expansion. As you would be aware, ESG is big in Europe and companies will pay a premium over Chinese production to satisfy their own ESG requirements.

Keep up the good work on keeping your fellow WKT holders honest.