FA & General Banter, page-15241

Fellow Shareholders.

Share prices in the sectorseems to de going up all around us. It is easy to feel neglected.

I think it’s like this;

The world is nowherenear on par with the knowledge level that we and the rest of thepioneers it the lithium sector take for granted.

The big end of town has just started to invest in lithium again,whilst the man on the street only takes in what he reads in the paper –assuming he reads at all.

Now, when the big end of towninvests, they will not go after some fledgling lithium mob like LTR…at thispoint.

They will take one look atour share price contra our profit/loss and steer their gaze a yonder.

Because in our case they missedthe (first) boat.

The gambling has already beendone on the grassroot (us) and exploratory level (Goyder and David), plus amonga small band of insightful investment companies who were there from the start.

“They got in early” Big End of Town realizes. “Should have got in early too”. Theylament. “The easy money has been made. Better look elsewhere” theyconclude.

Furthermore ..

Big End of Town like REVENUEbecause they have to see a cashflow to eat.

So…. they focus on companiesthat are in production.

We are not particularly visible right now

Then we have the Punters.

The punters can’t make suchinroads as to push LTR’s share price up more than the odd cent here and therebecause they haven’t got that kind of money.

That leaves T.O or/and J.V.

And THAT will not be revealedbefore the DFS.

So we’re in an eddy right now!

But look at what happens whena lithium company DOES attract enough spotlight for a sugar daddy to come onboard - like Vulcan.

It’s obscene, what theirshare price is doing right now.

We have been sitting herenow….for YEARS!....with our little graphs and clever calculations and tealeaf’s, trying to figure out the future and how it should pan out WHEN logic isFINALLY allowed to prevail.

But the Market is notlogical.

Look no further than toGamestop.

However…

One morning there will bedollar sighs accompanying LTR so fast it will make us spill our coffee.

Then people better bring out their umbrellas because the eddy has suddenly become a floodgate!

Regards