We have probably all become somewhat frustrated that SP is so low when the case should be different. Therefore, I would just like to think in principle that the focus is now on delivery instead of acquisition. Otherwise, I believe the following still applies:

- green conversion, EV conversion is here to stay. positive for Lac.

- inflation is good for raw materials, Copper, Al, steel, Lithium are all something where the need will increase sharply over the next 10 years. Positive for Lac.

- interest rate rise is bad for companies with debt, therefore I think the timing of acquisitions is bad for Lac.

Conclusion: Lac should rise from here, Thacker is of course a joker, but cannot be factored into the current rate, so just a little positive news should give us a boost.