Pathetic little capital raising does not warrant trading halt, page-23

hi gassed, the bloomberg presentation was reasonably clear. pfs and pilot plants to develop and operate kachi and olarez. no mention of pfs or pilot plant for cauchari. cauchari will probably lag kachi by 12 months reducing the demands on management.

my hypothesis a few months ago that cauchari may be intended to generate development cash for kachi and olarez may be close to the mark.

the limited space for evaporation ponds at olarez or cauchari is not a consideration using direct extraction (dx) whether lilac or other technology. -- they are not required.

dx on brines with the indicated li concentrations at cauchari (and possibly yet to be drilled olarez) would result in the lowest cost of producction for all lithium resources and close to china brine ($2,150 / tonne)

the strength of lake is more than the assets alone and management capability evidenced by the cauchari result but the integrity of the board.

the recent bonus issue to all shareholders to offset dilution effect of what we now know to be a planned capital raise speaks volumes for the ethics of the board