Ann: Corporate Presentation, page-57

So let's compare the MD's of the 3 main HPA hopefuls shall we

Iggy ATC. 5 years after a an agreement with Mitsubishi and still no plant. Years of CR at lower prices 1 after another. Macquarie walked as have most holders. Enough said there.

A4N. Rimus on the record saying he will sell one of the most critical components to the EV revolution at the same price as cheap blended Chinese product. Timelines all missed and a pivot to precursors that is a tiny market with no clear barrier to competitors. KRR has already nailed 5N in 1 attempt and now also pivoted to precursors It's now nearing Christmas and last year he said off takes and finance were close. Wrong and a massive pivot CR rewarded the board and diluted holder yet again

Roly at FYI hasn't delivered on timeframes. Neither have the peers and they are all about to dilute holders further to finance plants if they even get that far. I am not a fan of Roly as far as disclosure goes but that's about it. Compare our 35% with no further dilution, a global leader as partner and a plan for growth to A4N and ATC over 1 billion shares and no deals competed.

Imo we are about to see years off work unfold very quickly here. Happy you're a non holder tbh.