Ann: Quarterly Activities and Cash Flow Report, page-47

we will never produce LCE … EVER !! everybody should get that 60,000 t fiasco out of their mind…. The reason only one company has done it in the last decade is because it is bloody hard ... and the reason that AGY have done it is because Pablo is the chemist who actually worked it out and patented it whilst at SQM …. and unless you have the IP it doesn’t matter how many ex-SQM members you have on the board you’re not gonna do it unless you have the chemists …

this is the reason that we will be swallowed up by a bigger player… we can talk the talk but we can’t walk the walk.. ( unless you’re a boardmember at Lake, then you talk the talk, and walk off with the millions..)