Ann: Salinas growing to a Tier One Lithium Deposit, page-49

It’s pretty incredible when I remember back to our 2.7cents a share / pre Colina days. I’ll reflect on it with a warmer feeling when I’ve actually recognised some cash from LRS. One day.


RE: potential M&A activity - I don’t know how likely or otherwise we are to attract a takeover but the December upgrade I’m hoping will put us well north of 50MT - the 50MT mark seems to have become a bit of a baseline in terms of having a well regarded deposit thesedays (Rodney Hooper talks about it a lot).

Not to stir the pot on this topic, but I noticed JP Morgan was used to buy 79m LRS shares in September (with only 10m sold). It stands out in terms of buy/sell ratio and is suggestive that someone was using them to take a sizeable position.

If you research ALBs attempt to take out LTR you’ll see ALB used JP Morgan as their broker throughout.

Im NOT saying ALB has taken a position (and no one should go further than pure speculation on this because that’s all I’m doing - speculating).

It could just as easily be 79m shares bought across 4/5 different insto clients.