Ann: Corporate Presentation, page-10

Please can you point me to net loss in last quarter which suggests PLS isnt profitable yet?

I was under the assumption that even on pricing having nearly bottomed out, the firm was cash flow positive for the first time (+3mm) and hence would now survive even at these prices and current cost structure (albeit not at the low-to-mid $300's as per guidance at full operational output).

Recent announcements (particularly the backflip by MS on the lithium pricing cycle as per their recent analyst note posted elsewhere) have made me more confident PLS have now got the goods and the customers to make it through this mess and are only not upsetting the applecart re the compliance towards full offtake obligations as they will be rolling in money at the height of a price spike. I can only imagine if I have a way to keep these shares from being cashed in until 2040, this may be something that creates generational wealth for people like me. Imagine all those who got impatient with Rio 5 years after its maiden deposit and having their grandkids looking at Rios price today. just my reflections after todays reassuring message regarding global policy shifts, incentives, and shift to high nickel cathode chemistries.

for those who didnt see todays webinar, they mentioned it will be available on RRS youtube and social media channels. not too much new contents to be honest, if you follow all things lithium as closely as i do, but still. Today my confidence has turned about as bullish as i was to first by in late 2015. and that my friend... has made all the difference