Ann: BMO's 33rd Global Metals Mining Critical Minerals Conference, page-10

Brokers, Portfolio Managers, Hedge Fund Managers, 708s, retail investors - all of whom I regularly speak with (both in OZ & abroad) & everyone in the private investment group I run - all agree that Bryce is extremely arrogant.

As for prospective partners, the proof is in the pudding - zero deals.

No buyer in their right mind is going to pay decent money for any stake in their assets when the company is capped at A$60m or thereabouts & highly leveraged. Why would they?

We both know that only a Hail Mary pass from the USG will save this business.

And in the unlikely event that institutional support comes in to save the business - let's pray to the stock Gods that they make any equity component contingent upon Bryce's removal.