Ann: Quarterly Activities Report, page-8

Good post!

It is prudent at this point of the pricing cycle to preserve cash.

I’d like to think this is still a cycle and not a structural change. China is certainly trying to darkest to keep the price depressed.

The way in which the industry supply side has reacted in the past few weeks may point to a change in pricing sentiment over the next 3 months.

DLI are IMO in a more resilient position than most.

We are not committed to a mine build out or any processing facilities as yet.

We have supportive and deep pocketed major holders.

We have no debt.

We have an MRE (albeit not large as yet).

We have stacks of ground yet to be surveyed or drilled.

We have the gold.

We have money in the bank.

Although we remain an explorer and junior. We have a cash position that affords some land grabbing should other companies get in some trouble.

There is plenty of pain in Li full stop. plenty of fear. Just about every thread has a where’s the bottom question?

There will be a number of explorers that don’t come out of this as a standalone business.

Hopefully DLI can use some of the current gear and price discounting for a better future for all holders.