Ann: Change in substantial holding for LPD, page-15

Nope... I'm sure they have no idea, at all.

• Mt Cattlin is obviously struggling
• SDV continues it's slow path to glory, but at the right price, not at some giveaway opportunity to opportunists looking to take advantage of the ebb in Li sentiment.
• They struggled to close out POSCO... barely getting that transaction over the line ...(as Ms.So told me, it was a so-so outcome).
• I've heard they are pretty sure they have 400 million dollars odd, and are looking to give their office a good 'ol freshen up, but other than that, no plans for any of it at this stage.
• Their investor relation's person told me they were investing in a Bald Hill mine. She wasn't sure why (or even where it was), but did remember Mark Calderwood saying he found the name very very amusing, so that was probably it.
• And that same IR person also reminded me of the Mt.C resource upgrades, but wasn't sure what it all meant, adding that no-one in the office was terribly good at numbers.

Yep, I'd say we're in trouble... Big big trouble.