Ann: High grade infill drilling results at Adina Lithium Project, page-48

Love the announcement.

In my view, this announcement is not about the share price. This is about giving confidence to those who hold for Winsome's fundamentals.

We need this sort of announcement regularly so that we can feel that Winsome continues to march towards that billion-dollar MC and then beyond, even if the current share price does not reflect it.

The irrationality of the current share price is largely driven by lithium sentiment in my view.

But as with all things, there is room for improvement here - starting with more regular communication.

I like CEs story announcements, but they are too far apart, particularly now when holders (and new prospective investors) need confidence that the share price will rise again (and sooner rather than later).

It really hurt us when the fires were on a there was no news. It's time now that that issue is passed, and the lab timelines have improved to pick up the pace.

Lithium sentiment will turn the ship when the sentiment inevitably turns - and the continuously improving fundamentals will propel us faster than any others as we narrow the huge gap in MC to our peers and then outshoot many of them where we are superior.

We need regular drill results and core visuals for batches, particularly as the market is at its most bearish on lithium. Larger more story-based announcements akin to what we have had over the journey when a clearer story emerges.

The market has moved to resource targets and MDs are talking about what they think they have in the ground on a highly speculative basis. I am certain CE knows we have well north of 100Mt (and the evidence is highly supportive of that - even if not yet to JORC standard) - how about giving us that vision?

BTW, the grades are all higher than the MRE grade - so these results (even if there is still a lot more to come) drag the average up. Given the way these things are calculated, these results will have a disproportionate impact on the grade (larger on average).