Ann: Response to ASX Price Query-KNL.AX, page-157

There's nothing wrong with someone choosing to sell out, people have different risk profiles and WC thinks it's currently too risky a play for their liking. It's purely an opinion so there are no "facts" one way or the other. There's no denying this is a risky investment, all we can do is judge it based on our own criteria and some people want more certainty which I can't blame them for. When you think about it we're in a very small minority of shareholders who would even look at a company at this stage of their life (or any other in the graphite sector excluding SYR) in the first place. Best of luck and hope to see you back, because if you're back it means we must have been significantly derisked.