Ann: 2023 AGM Broadcast, page-9

Thank you posting.

It all appeared back to square one, with 100M burnt. As always, I was interested only in Lib recycling, but would agree that will require 2 more years to be able to generate decent returns.

Hopefully, with the current SP, we have taken out the valuation of the 3/4 of all projects, and remain only the Lib recycling. With the new capital raise document, I see a clearer focus on committing over half the funds into Primobious, this would have been the smart move if the management realised the reality much earlier.

What the management may also failed to realise is how to what with automobile OEMs, nothing for that sector is easy and short term, it require sustainable efforts and time, especially with any new technology, as of the industry standards always been. So it is under estimated with what MB would demand for. But on the positive side, if this technology is MB proven, it gotta be good for commercialisation.

I was prepared for the long game, but just had hard lessons learnt when I could have benefited from the hype.