Ann: Investor Presentation - 2021 Annual General Meeting, page-12

A tantalising presentation. Real progress, however the plant is yet to operate properly.

I am not trying to sow doubt, nor am I holding RvN & team to the impossible standard of 'nameplate capacity', expected in March.

The re-pricing holders hope for can only come when uncertainty is much reduced.

This requires time - to ramp up the plant, reliably transport to Perth and get early product spread on customers' land.

Until this Choo Choo arrives at the station, we must expect volatility. This may mean a lower share price as the market rarely sits still.

Patience holders!

Ash