Our management listed the following 3 items as reasons why to...

Our management listed the following 3 items as reasons why to continue with ramp up under the operational review

1) staff and keeping them employed
2) we havent seen full effect of ramp up and capital items to reduce costs
3) the anticipation of lithium price increases.

Has anyone asked the board what research sources they used to determine item 3 on the list? Option 3 was the most risk adverse option and only viable reason to conduct a ramp up continuation. But does not appear to have had any reflection at this point in their decision making as prices have not really changed materially on the past few months.

The staffing and cost is going to continue and ramp up cost cutting Is yet to be proven. Let alone it being proven to a point that makes this operation viable for anyone except our Jv partner.

On this basis the project should be placed into C&M with a possibility of funding the future re-ramp up under a debt commitment seeing as this silly decision has already been made to continue the current ramp up.

So on the basis of it not being viable to investors to continue operations, the risk associated with doing so and break even, the wear and tear/depreciation of our equipment, the added surplus of spodumene they are adding to the market which again drags out any chance of a demand surge and price surge. Should it not be clearly evident at this stage the project is just operating for the sake of management pockets and JV partners profiteering? Can management if asked honestly comment in when or if SYA holders will ever see dividends or a return on their hard earned investment commitment into SYA?