Ann: Successful A$21.5 Million Capital Raising, page-16

Cheers for your reasoned views, you could easily sit on the BoD at your invested coy with that logic - 'don't bother doing anything to improve your holdings until someone comes along on a white horse with a fist full of cash'. Probably good logic if you come from Narnia...??

I won't bother arguing your pump theory - cause from where you're coming from you know all about them, are used to them, probably expect them now, just to keep the lifestyle happening. See, some coy values increase when the minerals held in ground, are increasing significantly on market. Well, some do anyway.

But just to clarify a couple of your points - CWS didn't say "Sitting on the nations biggest laterite " - he was just pointing out what an independent, WA Govt Dept of Mines published. See that's fact, not opinion.

And when I said "No, not 6 months - more likely we'll have a strategic partner by then, not another CR" that was to highlight what is more likely to happen in 6 months than your claim of another CR. Big difference, but unlikely to be understood. In fact, it's also more likely that there will be an extension to a $0 offtake agmt in 6 months, than another CR here in 6 months.

But of course, 'you're right' there could be a CR in 6 months - but that would only be if it's part of a larger, financing transaction. Does that still qualify as a CR? Leave it with you.

J22