Ann: Response to ASX Query, page-150

Data is indeed king.

My view here (and in other stocks I hold that have retraced) is to stick to fundamentals. We have had a abysmal last few months (repeated oversupply scares from Roskill, Morgan Stanley, commentary on the SQM deal, DOW trace, DRC mining tax scares, etc). Through it all, I sit down and look at the numbers and stick to my convictions. Record EV sales, record commitment from the auto industry to EV as no one wants to be left behind, stable Li prices...so I'm not convinced there is an oversupply scare. I'm also not convinced that the DOW retrace is anything more sinister than a retrace after crazy growth since Trump got elected. I actually think its very healthy and was very much needed. The US economy is booming right now and most good economist see that continuing in the future.

One must remember that money is made when times 'seem' risky. Getting in when every is sure its a good thing is often a little late. Anyhow, I wish you luck in your investing.