Ann: December 2023 Quarterly Activities Report and Appendix 5B, page-2

so the US equipment is not due until til 2H 2024. I guess that means we just accept a pitiful 4K/qtr revenue from here on in? Wasn't the plant meant to be doing 250kt a year not 16kt a year?

Seems like the biz has cocked up the 1st mover advantage here. The SP has fallen almost 50% from their last announcement where they acknowledged the poor performance. There are *literally* only 3 buyers for less than $5k worth of stock on the screen. You can spruik the corporate talk as much as you want, but effectively it's another cap raise at circa 75% discount to IPO before the new plant equip arrives. Is this acceptable?

In the next 6-12 months this market will be flooded with DSO Kaolin from WA/SA Into Chinese markets and I'm not sure if *our* company has the management expertise to manoeuvre this situation?