Ann: RC Drilling Update for Pippingarra Quarry Project, page-36

This report is very confusing.

It says “The data retrieved from historical results and ongoing drilling efforts has thus far been very promising. ", but no informaion provided.

Considering to most managers in the listed companies are not trustworthy, some investors already take this annoucenemnt as nothing found. Maybe some have connections with the insiders? I am not quite sure, but we saw the sell-off.

The reason I still pick up IND and still hold it is that IND has Silica sand as its foundation. China is importing more and more silica sand. IND's silica sand business will be able to support 60M+ MC. for other lithium explorers, their MC could go down below 10M if they can't find lithium. IND is different as it has the foundation to support, so selling at this price is not wise unless you find something else with more potential.

As I mentioned, the potential of Lithium and HPQ is still not verified yet. Let's wait and see!