Ann: AGM Presentation, page-13

Brought an APC parcel today @ 7.2c and happy to see out the next 12 months of development progress. Also have a bit more tied up in KLL, but sold out of RWD for a small profit. Always a bit sceptical of SO4 and both AGM & DNK overvalued on good marketing. Main buy factors for me are strong market demand/price trends, global supply constraints over next 5 yrs, actual stage of development of both APC & KLL (boots on the ground and not just talking potential), and BOD equity in the business. There are no guarantees in any ASX listing, but in a huge growth fertiliser sector one must make choices. I'm happy with my lot and wish all holders the best for 2022. GLTAHs