ASX Today, page-35574

I am not counting my money based on recent rises and it is normal circumstances for there to be a Santa Claus rally. It happens at least in part because short sellers and indeed a lot of punters long and short close out positions to go on holiday I think. They may well be back in the early New Year. But maybe not...

This year may be different for LTR because we have extra shifts coming on over the break to ensure we stay on track with project completion. This was stated by Big Tony at the AGM. And so it would be a brave short seller who opened new positions when there is very likely to be regular positive news flow about progress at KV, especially with underground declines progressing towards our high grade ore, wind turbines to be shown hoisting onto towers and the maze of plumbing for our flotation circuit, and of course the crusher circuit conveyors reaching final completion.

There is the potential snag of Chinese New Year shutdown in February which may give some opportunity to do a job on the futures markets or run down inventories. Against that is the common sense position that battery makers know that after Chinese New Year there is quite likely to be the usual surge in demand. Either way, we have seen volatility before and I am almost immune to it now because I feel we have the enormous comfort to be fully funded to production and more, as well as having the best new lithium asset on the planet! ALL GOOD!

regards
DF