Ann: Quarterly Activities and Cashflow Report 31 December 2021, page-14

You're all very positive about Talga when there is some very serious concerns that need to be considered.
1- the amount of cash runway they have, considering the previous two quarters of spending.

2 - Talga is relying on sales from only two MOUs, which I might remind you, can fall through at a moment's notice.

3 - The two companies that Talga has an MOU with won't purchase off Talga if their product isn't to standard as the current focus for battery testing is on synthetic graphite for anodes.

4 - If Talgas product is to standard, they still won't buy yet until the EU minister changes the rules to do with eco batterys etc. See below.
- "a delay of up to 66 months (four years compared to the EU Commission proposal) for the introduction of rules aiming at reducing batteries’ carbon footprint;

- a delay of 36 months (two years compared to the proposal) for the phase-in of mandatory supply chain checks for environmental and human rights abuses;

- a delay of two years or more for performance and durability requirements of batteries."

https://www.transportenvironment.org/discover/eu-companies-warn-against-counterproductive-delays-to-batteries-law/

5 - Talga have pivoted in the past from Graphene to graphite when they faced adversity, what makes you think they won't pivot again?

6 - What exactly makes you think they will smash this out of the park to grant a $1.50+ share price?