Ann: Quarterly Activities and Cash Flow Report, page-26

A Number of posters on these threads had been calling for JP's head, questioning his experience and if the current board is up to the task

They should have a read of my posts above and cast there eyes on the Board and Management team at LKE

What that company has been saying the past 3-4 years vs the reality of where they are today
- They don't even know what there flow rates are, how there recharge rates vary during pumping or how grade varies as the company has never completed a single pump test (The old management had no idea what they were doing)
- They have no idea how many wells they require for extraction & reinjection
- They havent even commenced a detailed Hydrogeological study of the aquifer

Its the Biggest Stuff Up I have seen in years, yet the old management loved to throw around buzz words like "Ion Exchange" "DLE" "Premium Pricing" like they knew what they were doing

I truly feel sorry for the new guys who are taking the reigns, they have been handed a poisoned chalice