Ann: March Quarterly Activities and Cashflow Report, page-42

Have just caught up on the quarterly report and conference call. I have been critical of mgmt in the past but think the mgmt team have really turned the corner over last 6-12mths.

Although the report had a similar cut and paste feel to recent quarterlies the information on items like improvement focus for graphite recovery through Balama plant is nice to hear and they seem to be doing the best they can to navigate shipping constraints. Balama is clearly the linchpin for this company and getting that working efficiently and closer to capacity will light a massive fire under the sp!

All in all the most positive quarterly I've seen in a long time...judging by recent sp movement the market clearly thinks so too.
GLTAH