Ann: Robust DFS Paves Way For Talga Battery Anode Project, page-227

Personally, I never expected the DFS to be a massive catalyst. Nor was I counting on any offtakes or subsequent announcements. I don't even care about the SP right now and I also never even had any price targets until 2023-2025+. But what I wasn't expecting was that an ~18-month project delay would be announced in the form of a vague Gantt chart.

Just to recap, in the past 6 months we've had the largest shareholder selling out very abruptly and with no explanation. The DFS and UK studies being pushed back by 3 months. And now a significant project delay also provided with no concrete explanation. Tied in together with all of these, we've had a couple of somewhat indeterminate announcements (ship coating, anode plant progress).

I don't envy Mark Thompson or anyone running a publicly listed company, especially a small-cap. I couldn't even fathom the intricacies involved with starting a company like this from scratch. And as I have said before, I can truly appreciate this project for trying to push boundaries in technology and mining. But we as investors shouldn't have to rely completely on blind faith and "she'll be rights."

I continue to hold and I think I am as bullish as anyone else here, besides @pabs of course. But I think it would do the company and all of us some good to stop ignoring the elephants (or reindeer?) in the room and have a bit of dialogue. Maybe I will have to tuck some questions away for the AGM and perhaps it may be better suited to wait for then too. Maybe things will be a lot clearer by then.