Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-50

never said EV’s are over, but read a few more articles before having one eye closed all the time, fine reading all the positives on Graphite and EV’s but there are always two sides to the story. Pretty hard to have retail when the cars are in the pre production stage, but plenty of them in the States…..apparently. When Tesla first came on the market with a few thousand cars all the same talk and head in the sand comments abounded. The issue is not if graphite is needed, it’s about how much is needed, supply and demand, from what I can see it is never going to be in short supply…EVER, what is currently in short supply is the processed finished product, that is not going to be any kind of issue 5 years from now and the competition is going to drive that price right down too, we have missed the boat all round and our only hope is to dig it up and ship it out like the Africans, May as well tear up the 40 year land lease now imo. As for the $185 mill loan, I would say that it in the major part is for the refinement side, if it isn’t then we have the money to get the whole thing moving right now, Rome was not built in a day, but it burnt down in one.
Anyway, we will all have different views on the matter, that’s mine but do feel sorry for those still in from the CR 27c raises.