Good News & Bad News, page-4048

Tobes, PLS is listed on the NAZ pink sheets under the symbol PILBF.
Closed today at $1.6125 on about 150 thousand shares.
Unfortunately, because of how it is traded here those of us who owned
the stock and accepted all of the risk were not eligible to participate in
the recent offering at 35 cents Australian. A real disappointment for me
because under the conversion provisions I would have been able to buy
over 40 thousand shares. It remains my only upset related to owning this
stock and given how the stock has performed over the past year most of
my disappointment has vanished.

All I watch these days is the price of lithium. I remain convinced we are
at a very early stage of a supply shortfall. I believe this is going to get much worse
because all of the projections of all these analyst keep indicating that ev sales
will continue to grow at a 25%cagr. I believe the growth rate is going to be
substantially more.