Ann: Appendix 4E & Full Year Statutory Accounts, page-190

Looking at all the Australian lithium producers, they all facing huge financial struggles, A40-VA, PLS-potential CR @ 30c 10% dilution sp likely drop below 30c in coming days from $1.2. Ajm soon

you certainly don’t wish to involve in a company that continue generating negative cash flow and still having huge dilution.

so far Jat overperformed 95% of their targets and able to make use of the existing fund (from CR) to generate cash flow (Q4) within 6 months, developing new products and plant acquisition. Overall 2019 cash flow still looks great given only 50mil mc, ev 35mil. That’s the reason our sp has been holding strong at this level, return of market confidence, further sales agreements (expect soon for new products from our new plant) and plant production updates could certainly impact the sp which likely already at the lowest zone.