Ann: Rincon 2,000tpa Li2CO3 Plant & Equipment Progress, page-63

Wrong, wrong and wrong.

LKE just raised $39mil at market. That goes to show how much potential they have if they're able to do that. It is not all about the resource size and not all about how long away they are to production. A company isn't valued on 'how far away they are from production'. Big money have a long list of boxes to tick, it's the Company as a whole.

I believe the market is waiting for AGY to pen in that off take agreement. They're cutting it very thin though as it's only a few more months before production commences and they've been in 'advanced offtake discussions' for well over 12++ months.

And AGY have already stated their plan is for an off-take and not selling on spot-market which some ill-informed continue to think it will be ok if they can't get a deal done. However in saying that they've proven that they can change their plans at the drop of a hat if they cannot achieve their initial goal (ie. realised they couldn't find someone to finance the 2ktpa plant, so had to cap raise for it).

The only price sensitive announcements we need to read about is to do with a deal being done, not another 1% progress report.