Ann: Annual Report to shareholders, page-18

As a shareholder, I don't like seeing a circa 4 times increase in G&A expenses with the management got much higher salary, although this happened to many other lithium companies as they raised lots of money in 2021- 2023.

I hope Winsome can reduce its G&A expenses. If this lithium bear market lasts too long, then Winsome's G&A expenses + Renard care and maintenance cost ($5m - $10m as Chris said in the webinar) + exploration/evaluation costs (committed under the flow-through placement) will become unsustainable, meaning big dilution for us as Winsome will have to raise more equity at a much lower price.