Ann: Change of Director's Interest Notice x3, page-38

A good report.
The fall out from KLL and SO4 is definitely an issue but KLL does have a successful harvest and if the plant fires up investors should appreciate that SO4 had some unique issues.
To say bores are superior to trench in the context of APC is highly questionable. APC has virtually no lake bed surface area to trench, the resource isn’t amenable to trenching. Horses for courses.
The only thing to say about the price target is KLL and SO4 both dropped significantly long before they got into bother. If KLL comes good APCs price might be protected? Hopefully that is the case for APC and all developments going forward.