Ann: Company Update, page-33

Agree, the uncertainty is worse at the moment. They need to state the process they are taking and what is happening exactly with the shortlisted parties. Did they receive non-binding offers of finance, or are these shortlisted parties just who GLN spoke to in meetings and they expressed interest? There is quite a difference!

Putting out vague undetailed statements is creating even more uncertainty in my opinion than there already is. A project update should be more than this. I look at other lithium developers and they are putting out a lot more on the process and steps they are taking to secure finance (e.g. VUL and A11). The cynic in my thinks we are in the early stages of the finance process (possibly started with GLNs visits to China and few months ago). Glencore really screwed GLN, but GLN should have been looking for alternatives / other options the whole time (maybe there were?)