Hugh responded to my email from earlier today: Dear Prospect...

Hugh responded to my email from earlier today:



Dear Prospect Resources,

As a patient shareholder, I am at a loss as to the recent share price drop.

Can you please provide the market an update on what you suspect is going on?

Appreciate your urgency.

Regards




Hi XXXXX

I am also at a loss to understand the drop in price.  

We are working to finalise the off-take and financing, but these things take time.

Unfortunately it seems that the market has been spooked by us signing a free option over additional lithium ground - which I find hard to understand what is wrong with a free option.  There is a huge amount of companies in DRC and Zimbabwe now looking for assets so we need to be nimble, grab ground, do some DD and then keep or drop.  In the same way we picked up Arcadia.

We are working through proposals from different potential off-takers and financiers.

Regards


Hugh



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Hugh Warner
Director
Anglo Pacific Ventures Pty Ltd

Mobile: +61 413 621 652

Direct:  +61 8 9217 3350

Email: [email protected]

Skype:  anglopacificventures

Address: 6/245 Churchill Avenue
Subiaco WA 6008
Australia

PO Box 1273
Subiaco WA 6904
Australia