Ann: Retraction of Annual General Meeting 2021 Presentation, page-91

The facts are the company did not name the peers in comparison...Spid81 confirmed this although he did not report it to the ASX...No one knows how he found out...All unfunded projects are finding it more difficult to achieve funding opportunities as they have not been named where the facts remain factual...Lots of eyes on Lindi as it is debt-funded and in the development stage...Production 2022

For example, A club has just been named for possible fraud and gambling between 2 good mates with only one person suggested to be involved...The rest of the club group are all under scrutiny...The offender is eventually named for the sake of the club...

Should have the peer projects been named for transparency and bragging rights...$$$ Not everyone would have been happy and I can see that...Not all projects will achieve funding in a tight funding pool...They all have a good story to tell...Cazz69 promoted BSM because believed through higher efficiency a plant was going to add a better return...In reality, the more tons produced the larger the losses...Watch out for poor grade projects...And poor research

Did the company do the right thing by not naming the peers in the peer comparison slide is the Question we should be asking as holders...Not bothered by what a non-holder thinks...

Lindi is a world-class project with a proper plan for startup...Start small and grow with a meaningful but substantial tonnage...Improve the project from within by flake size retention...With a quality project, there is no need for adding downstream processing to mask the low economics of their Graphite project...While it is an option for later on...China has had a gradual decline in available material sourced locally moving towards a net importer of large flake Graphite...Not enough supply while the growth rate continues...



It's a good time to be building a mine, as prices have increased significantly over the past few months...The Olympics and closure of mines in the Lunar period have seen prices slightly softened while many projects were closed...

Regards Croc