Ann: Rincon Lithium Project Update, page-113

"2) Do you sell to buy another lihtium play? That seems silly given the risk reward on offer here"

Actually mate, IMO, the risk just went up by multiples. Todays announcement demonstrated they're unable to get the 2ktpa plant running anywhere near spec after all this time they've had. And by shutting down operations, it also shows they themselves don't think they'll be able to get it to work. Once again, noting they intentionally left out production figures this morning.

It has nothing to do with the lithium price, IMO we can see this is a blatant excuse and nothing more.

They just raised AUD$7m, and will have to tap the market again shortly. This money is now being spent to outsource some engineering reports and pay Puna and the staff. It's become a money-grab scheme, as they won't be spending funds on any tangible progress for the foreseeable future.

The goal posts continually get moved and they have no actual plan in place, nor the ability to execute when they pretend to have a plan in place. We really do need fresh, competent faces taking over for any chance of gaining some shareholder value back - however I'm not sure this is possible with how the JV and company is structured. I believe anyone in AGY is replaceable, but unfortunately have no say in Puna Mining, so we're stuck with the inexperienced Pabs.