Ann: Capital Raising Presentation, page-11

I already saw that part of the presentation and already had a good laugh but thanks for the reply… good luck with getting bank funding…when you still wont have finished stage 1 capex after this raise and you will still have zero revenue coming in from lithium sales. Different story if they were actually producing and selling lithium but they won’t be, even then bank financing would likely be at a high interest rate to compensate the bank for the risk. It is clear based on that slide they will need more funds in the near distant future to finish the project, plus more importantly they will need working capital prior to commencing operations, you can’t dispute that and based on JPs track record it will be in the form of equity and further dilution. Agree what price is anyone’s guess but why would sophisticated investors pay more today knowing they need future funding and the lithium price is where it is, maybe retail holders but not sophisticated investors. Management are happy knocking back third party offers as JP has a mindset of going to production (any means necessary) so the only thing that would increase the share price in the short term is if lithium increases. All I can say is good luck, trying to help people here but can’t help those who have rose tinted glasses on. Cheers, CP.