Proper cashflow analysis, page-77

Hello @maya.m

Must really be hurting seeing that share price of 1.20 / share and not selling. Must feel real bad. I sort of know how you feel over at AJM but PLS has been a bigger disaster story. So well done for getting a seat on this train wreck.

I would think in terms of what would make the SP move?

1. Well a mine that is working and operating seems like a damn good start. There is no guarantee this mine will restart - it is always a risk. Clearly PLS has not been forthcoming with the market with the initial shutdown nor the fact that it is presently on care and maintenance.

2. Not having done a deal with Ganfeng that has a 6 month lag in pricing..... So everyday you watch the lithium carbonate price drop it will not be until you see the price rise for 6 months that PLS will get any benefit.

3. A more experienced board - also not someone experienced at crashing a company previously like AGO.ASX. Have a look at how that turned out for shareholders.

Anyway there are operating lithium mines out there if that is of interest.

Best,
Pink.