Most long term holders expect this project to transition to...

Most long term holders expect this project to transition to production and for a share price recovery in time.

The board has previously rejected an offer of $2.50 per share, and indicated that $3.00 was fair value in late 2023.

Our project has now progressed and we are on the verge of commissioning the plant. No construction or technical issues have been reported, only some funding issues with multiple avenues for resolution.

I believe our board is unlikely to recommend a takeover at prices under $2.50 as they have already knocked back offers at that price. Remember Tony saying all the right words at the time, but slipped in one presentation saying 'we fought off Albermarles offer'. This was a telling statement and gave a strong insight regarding the boards attitude.

Also remember Jen Morris joined the board when the price was higher and her options are at $2.45. I can guess her opinion and vote if a low offer was presented.

Anyway, just because someone offers a price for an asset doesn't mean it is for sale. I believe the board will vote down any unreasonable offer.