Ann: New Plant Site to Improve Project Permitting and Economics, page-6

Fair play, I would love £2 in at an average of 50p but i don't see it. No competitive tension as no one else can buy us and total uncertainty as to if & when we can get into production. Classic squeeze by a big boy. I now want out quickly at a reasonable gain for the risk & time involved. Plenty of better opportunities in the current lithium market. If CEZ pay $4 this year fantastic but why would they. ALL have turned down an offer at 33p from their major shareholder when their SP is 20p. They are a year or so away from producing 350mt of SC6 at very low cost. They are pretty much fully funded to production. A premium of ×5 for EMH would be acceptable albeit grudgingly.