Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

I am honestly surprised the Joint Development Agreement with GreatCell wasn't announced to shareholders during the QTR, it might not have warranted a price-sensitive announcement but it is a significant development that shareholders would be encouraged to hear. BTW, didn't WG cover Greatcell in his FEC weekly commentary months ago?

Our Cash balance is still $7mil and the cash burn is now down to around $200k per month.
There appears to be a few errors in the report, We claim to have our highest QTR sales ($367k) yet the QTR cash report only shows $200k in sales.

Also the forward-looking sales appear to be missing a 1. How can our 2023 sales forecast sales only be $160k? I would have thought Newgen or Steelblues agreements would have been significantly more than $160k.

The details on the improvements to the production cell is vague. Why not give us some indication, we are seeing a 20% reduction in energy and a 30% increase in production, with some other comments this is expected to reduce our OPEX by x per tonne of graphene.