Ann: Investor Conference Call, page-6

It is a cut and run. What we were told at today's meeting is a 180 degree turn on what the Board and management advised us after the national policy release. What was written in the Annual Report three weeks ago does not marry with anything said at the meeting today. We have been well and truly blindsided. All they had today was excuses for selling up. This is a fire sale. The Chilean Govt and Codelco have not forgiven us for the Codelco lithium tender withdrawal. They got their revenge today. The only saving grace is the market is in a slump. I sold a chunk today.