Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

I highly agree with your views, they also did the raising for the Australian projects but now spending it on Namibia.... The projects are fantastic however the management have destroyed the company structure and company reputation over the past 12 months which will be difficult to recover from as their focus (and spend) has gone from focused to now being spread over 4 main projects.

It would be great to see a clear focus come back to the company and the projects themself, eg: Niobe to get a mine JV partner, Wyemandoo to achieve a JORC on the key lithium targets and JV partner, Narndee JORC to be increased towards being economically viable which all requires again much more funding. It would be good to see the allocation of funding and how that will add value to each of the projects for shareholders.

May be time to sell and then buy back in at $0.01 the way things are going.