Ann: Trading Halt, page-277

Thank you for your response gwood888. Simplistically, I think that the lower LI prices just mean markets are less forgiving. Margins are not as wide as they were and there's less room for error so understandably when we production downgrades and delays it's worrying. I suspect this will improve with time but we have been waiting a while for LI rebound. Another point which is linked to the lower LI prices is BP33. A more complex and expensive project is worth it (even if it requires a CR) provided there's a monster reserve so expanding the resource is pretty pivotal.

Until LI prices rebound, we have strong exploration results, or we start to report positive progress on operations (higher recovery rates), I think the share price will struggle.

So far we (as a company) have been missing the targets we communicated. If we can just get some consistent little wins going I think it would bring some comfort to the market that we can in fact deliver on our promises.