Ann: Letter to Shareholders, page-25

Well I watched the Webcast of the AGM ... (and became a shareholder during the course of the AGM) ... and a roundabout question was asked on the off-take agmt with PLL. But that was simply confirming what was already known (other than BL thinks more highly of PLL than avg SYA HC poster). It did not at all address GL comments or the well known intent of having a refinery operating circa 2025 and what effect that may have ... to me it seemed BL was quite happy to have a LoM offtake secured with PLL.

Now this is a PLL "problem" - we wont have a refinery built by Q1/23. Obviously could on sell (export) SC6 but that kind of (temporarily) negates the green aspect.

Now owing both hedges the offtake issue ... so I'll try again with BL now as a shareholder (if that makes a difference or not).