Ann: Strategy update - Positioning for Value and Growth, page-33

Bnn,

Seems that way. They should push on with Andover.

They seem to have put it on hold due to the lithium price.

The issue with that is metal's are cyclical and lithium will rise.

I've seen many companies chase lithium, copper etc, when hot and ignore there gold.

Now gold is hot they drop there lithium and copper and refocus on gold.

It means those companies do not have decent gold resources on golds cyclical upswing as they were not interested in it when not the hot metal.

It is why raiden should chip away on lithium, so when it has its cyclical up, they may have resources to sell or mine.

By turning there back just means when lithium recovers, they can not partake in that sector.

Overall I do not think raiden has been honest.

Viz we liked what we saw on dd lithium drilling to sophs to get 10m handed over at 3.2c.

Yet when those drill results got released, I did not see anything to justify there claim.