Ann: EIS Co-funded Drilling for Mt Palmer Lithium Project, page-4

Change of directions are never a good sign! Might be a sign that they have come to the end of their gold appetite. Very unfortunate because the gold side of the business always interested me with this stock but it seems management have constantly made poor calls and can’t find an economical way to production (very surprising in the current boom environment).

Also timing is crap as the Li boom seems to have stabilised and come back to normality. Should have taken up the Li idea 3 or 4 years ago, not now! There is way too much competition now and other battery tech like Vanadium etc are now getting a lot more attention.