Ann: Leo Lithium Investor Webinar Presentation, page-29

Takeover from Ganfeng, in my view, is very unlikely, but buying a large stake in Leo, is very likely, as AFR reported Ganfeng was tipped to be interested in buying Leo shares few months ago. For Simon and board, they are likely to take through Goulamina to production, to get a full value of the project, also their performance shares are mainly linked to future performance.

In today's presentation, DSO indicative estimated profit is very big, I would think it would be less. Next month China visit, should come up with something, imo.