Ann: Half Yearly Report and Accounts, page-26

All the big players have more lithium than they need. Rich lithium deposits are being found all over the world. Demand is down. There is a massive over supply in both new finds and current mines. Lithium is one of the few commodities where this situation prevails. IF something (more than Oh the surface samples look good which will only pump a Cr) is found what will they do with it. Just another Flemington or Sconi. All Aus can afford are basement bargins. Aus does not have the ability or reputation to progress any further.