Good morning, welcome to Kodal Minerals plc, our Q&A and annual general meeting presentation. Just to let you all know that the formal part of the meeting, the passing of the resolutions related to the calling of the AGM, I confirm that all resolutions were passed via the proxy votes exceeding 90-plus% approval. Do note that resolution 3 was withdrawn. I expect people saw earlier today the announcement that we made, that Steve Zaninovich choosing not to stand for re-election as a director. We definitely like to thank Steve for all his work that he has put into Kodal and the assistance he's given us over the period to take us from an exploration and development company through to a mining operation that we are a shareholder of today. Thanks to Steve, I do also acknowledge his ongoing support, where he's made himself available for consulting and advice on a required basis. We certainly look forward to continuing to work with Steve. I'm joined for this presentation and Q&A today by our chairman, Rob Wooldridge. Rob will be also taking questions. We acknowledge that pre the meeting, we've had a lot of pre-submitted questions. Again, we'll start those after the presentation. A lot of the pre-submitted questions, I believe a lot of our shareholders have the same focus. We've been able to summarize those into a few key questions to start with, then as we go through taking new questions or following up with the pre-submitted questions as well. I'd like to start this presentation. Again, a lot of you will have seen this before. I would like to stress that this is a short presentation, allowing maximum time for questions. We're joined by some shareholders in the room today. We open questions to them as well. We would like to particularly emphasize the strong position that the company is in. First in our presentation here, talking about the leadership of our company, myself as CEO, Rob as chairman, Charles, non-executive director and head of our compliance and Audit Committee. Certainly keeps us all in line. We've just completed the publication of our annual report and accounts. Slightly shortened year this year as we changed our reporting date to 31st of December. Brings us in line with the subsidiary operating companies in Mali has resulted in considerably more work for our team. Thank you, Charles, for that. David Teng is representing Hainan, who has been instrumental in pushing Hainan's focus on lithium and their drive to become a major player in the lithium market from their construction of a lithium hydroxide and building a carbonate stream at their plant on Hainan Island through to the support in financing and construction of the Bougouni mine. A very strong and focused leadership team. Rob mentioned to the board, to the meeting here present in the room that we're joined today by our country manager, Mohammed Niaré, by our company secretary and finance manager, Sarah Parker. Again, adding strength to our team particularly like to acknowledge Mohammed Niaré's work both in Mali and Côte d'Ivoire. Mali, in particular, over the last few years, has been particularly subject to change. We've managed to navigate that well and move through to actually being able to have our operation export product. Again, we're very pleased with that result and the support given to the company. Really, it's a very simple investment thesis from our point of view. We've taken what was an exploration project, which we acquired in August 2016, so 10 years ago now, from a project that had no drilling, had no previous exploration, was particularly targeted to focus on the lithium sector. We're now a 32% shareholder in an operating lithium mine that's regularly exporting product to China and is generating cash flow. We are operating from our phase 1 DMS operation. You will have heard me say multiple times that Bougouni is a project that we see having a long life. We anticipate that the DMS plant will operate for four to five years. In addition, we're focusing on the feasibility study for the phase 2 flotation plant that we expect will unlock further value in Bougouni and generate a mine life in excess of 15 years. A very strong, robust operation with a long life. Our current DMS plant is producing around 120,000 tonnes of concentrate a year. At today's prices, we expect that to generate for the Bougouni operation around $250 million of revenue. It is operating at a good margin to the sale price. You can see that it is a profitable, robust, cash-generating operation. We are very fortunate to be exporting our product into a rising market. We'll see later in the presentation some clear examples of our fortunate timing through the construction phase and commencement of export has put us in a position where we're exporting into a strongly rising and a strongly supported market. That has been very beneficial to us. In fact, since July 2025, the price of lithium has risen by over 270%. A very good market for us to be involved in. Again, just as a simple reference, our first spodumene shipment generated $27.2 million. Our interim payment for the third shipment, which was 20,000 tonnes in comparison to our first shipment of 30,000 tonnes, we've actually received $34 million from that interim payment. Again, highlighting the benefit we are actually receiving of that rising lithium price. We have set ourselves some targets. This is for Bougouni specifically, demonstrating that long life potential and operation of the mine. We have declared a JORC compliant resource of 31 million tonnes based on three prospects. We are targeting 50 million tonnes through the ongoing development and exploration work. We acknowledge that Hainan have completed an internal review. That review is not JORC compliant. However, we do agree that it does demonstrate significant increase in our resource as expected. We are undergoing a review of that and anticipate being able to bring that resource estimate into JORC compliance. We are a low-cost producer with our current estimated cost of $637 a tonne. Grade from the open pit is consistent with the resource estimate of around 1.2% lithium oxide. We are exporting a lithium concentrate grade varying between 5.15% to 5.3%. Again, we're delivering a good product that our purchaser wants, it's clean, and we are receiving a very good price for that. Simple, again, just to emphasize and part of what I'm presenting today is the basic summary of why we are involved in a robust operation with long-term potential, why we as a company are secure with well-funded and well-supported, and we have opportunities to continue to grow the company. Bougouni at the moment is continuing to mine and process and produce a spodumene concentrate. We are anticipating regular shipments of between 15,000 and 20,000 dry metric tonnes on a six-week to two-month basis. As previously stated, as part of our offtake agreement, we receive an interim payment for the majority of the estimated value of that cargo upon loading. That secures our cash flow and support for the operation. The Ngoualana pit is operating. It's reconciling well to the resource model. As I said, the resource model had 1.2% grade, in the JORC resource estimate. The mine is actually recovering grade of around 1.2. It's actually comparing very well to the model. We do see some opportunities to expand Ngoualana pit and continue to have a longer life there. That work is ongoing, and we will have further details of that in the future. With discussions with our mining contractor, we're looking to add additional equipment, trucks, and excavator to allow us to continue to more rapidly build up our ROM pad. As I said, we are actually generating cash flow and looking to commence the repayment of shareholder loans to the holding company, Kodal Mining UK, to make sure that we repay the Hainan facility as soon as possible. The only debt that the company currently has, and the only interest-bearing debt that the company has, we look to pay that off as quickly as possible. Again, emphasizing that we have been able to construct a plant, to commence a mine, to commence export and receive cash flow in a company that has no debt, has a long-term, secured future. The operation focus at the moment, outside of the mining and making sure we have that discipline on cost control and meeting our targets, is to complete the phase 2 expansion study by the end of this year, put ourselves in a position to be looking to make a financial investment decision. From a Kodal point of view, we are looking at the opportunities to support our future capital requirement for that build, and we'd like to emphasize that obviously the money generated from the DMS plant is going as predicted, and we always anticipated being able to use the cash flow to support the phase 2 development. We note that the offtake has not been settled for the phase 2 development yet, and that is an option that we always retained, and it is an asset that we expect we will be able to secure financial support. We've always had commitment from Hainan that they are very keen to support the phase 2 development. A lot of work to get ourselves to that investment decision point. Of course, while we're not having any firm position yet on the funding, we're confident that we, as KMUK, will be able to support that development, and hence move to a longer-term life at Bougouni. As I mentioned, one of the things we like to just be clear about is that Kodal, when we deliberately targeted the Bougouni project in 2016, it was to be involved in the lithium sector. We saw that there was strong demand and strong interest. Clearly, both from government legislation to support green energy transformation by a lot of population demand for battery storage for electric vehicles and all sorts of uses for lithium-ion batteries was a key driver for us getting into this area. Clearly, we recognized from the start that Bougouni was a good opportunity to move to development, and that was demonstrated by the clear targets, outcropping pegmatite bodies, recognition, of course, by germane mineralization, and the opportunity to grow from a project that had no exploration and no previous work to a development site. I think it's clear, we've probably all been hearing the news a lot about increasing lithium demand. Again, an increasing supply gap between what's available currently in the market. I'm not sure I have the pointer here to show you, but the graph on the right-hand side where we're showing the lithium price graph, you will note that the low point from around August 2024 through to August 2025, September 2025, is a period where we were actually in the construction phase. With our partner, Hainan Mining, we've taken the risk to build the mine and to continue the development in what was seen as a very low price and very low lithium environment. As I mentioned, fortunately for us, we were able to start exporting in November 2025, and you'll see that's just at the starting point for that significant ramp-up and increase in the lithium price to over $2,200 today, representing a 270% increase. It does reflect the strong interest and the clear increase in uptake of electric vehicles worldwide. It does reflect the strong increase in uptake of battery electric storage in large national grids, as well as in personal household storage. It is a growing market, and I think we are very well-positioned to take advantage of that. Quickly running through a few things, again, I'd like just to make sure that we do differentiate quite clearly that Kodal, we are a shareholder and a very interested and focused shareholder in the Bougouni Lithium Mine. As we mentioned, number one for Bougouni is to become a steady monthly producer, exporting with becoming a reliable exporter, maintaining our focus on cost control, and being able to deliver a strong margin for cash flow. Number two is to complete that feasibility study. These are quite general. Within that, there's lots of areas that individual parts of our operation are very focused on. For us, stage 2 represents that opportunity to really show the growth and the long-term plan for the Bougouni operation, where we expect over many years to be able to deliver cash flow and development opportunities for the company. PLC, separately, we're very well-funded. We have over GBP 14 million available. We expect to have cash generation from the Bougouni operation. We're focused on generating value from our existing assets, and that includes the FAR2 project in Mali, where we're still working with our team to get those licenses renewed. We do acknowledge that the Mali government has had, for a significant period, a moratorium on the dealing of mining assets, including licenses, and restricted the renewals, the applications, and transfers of licenses. That is starting to lift, but it is still not currently moving quickly. We're working on that. We're looking at what we can do with our Côte d'Ivoire license applications to bring those into assets that we can actually work on. I think more importantly for us as a company and what we're looking to achieve from the success we've had at Bougouni, and I acknowledge that our company has had a lot of support from shareholders and our team in actually achieving that success, and I think it's a very great testament to the company that we've been able to move in a 10-year period that had considerable, hiccup us along the way, including, as we all know, COVID, including some issues in Mali relating to government coups and military government, and clearly the moratorium on license dealings, as well as the negotiations to move to the 2023 Code. We've navigated all that successfully to bring ourselves to where we are today, and now we're in the position to leverage off that experience and that knowledge and look to acquire other lithium exploration opportunities. That is a key focus for us separately as PLC, and I think we need to make sure we always acknowledge that distinction. Just as I mentioned with some of those issues around Mali in our previous year, Mali update, and we've all heard a lot of news and obviously in most cases, news tends to be of the sensational variety and tends to report mostly negative situations. I believe that is a lot of the situation in Mali that we are hearing in the news has been perhaps highlighting smaller but very clear incidents. We as a company, and we with our involvement with Kodal Mining UK and the Bougouni Lithium operation, always have a priority on the safety and wellbeing of all our employees, and the community around us, and we continue to do that. We had the very sad incident, last year of our security guard who was caught up in an attack, an attempted attack to enter our site that was unsuccessful, but unfortunately, a security guard lost his life. We have increased security, we have ongoing support from the Mali government and the military, and our site has remained secure. It does emphasize, again, things that we've stated right from the outset of our work in Mali and particularly Bougouni, is our focus on strong government relations, not just with the federal and ministerial level, but actually with the local communities, local chiefs and villages and the Bougouni regional governors. That has always kept us in good stead and well-supported. We'd like to acknowledge the President of Mali, General Assimi Goïta and his coming to site to formally open our mine in November last year. We are very happy to have that strong support continued. As I say, the security on the mine site continues to be a focus, particularly for the welfare and wellbeing of our employees. Mali, like lots of countries where we operate, where mining operates, is a country that needs support and we are focused on being a good operator, the best corporate operator we can be in the country. We have a strategy of working closely with the communities, providing support for villages, ensuring that we, where possible, are able to employ locals first, to provide support in terms of water and schooling and other amenities to local villages as required. In terms of our governance, we're very strict and very clear on the behavior and management of our team. In terms of our ESG and risk management, we are very focused on ensuring that we have as minimal impact as we can on the environment. We're fortunate that in our DMS operation, it's a chemical-free operation. We have a crush and process circuit that involves basically ferrosilicon and water to achieve a gravity separation. Very clean. We have minimal waste, and what we produce is essentially a clean quartz sand. We're very pleased with that. Of course, we monitor and we have a lot of environmental monitoring, dust monitoring, ensuring water returning to the river system is as clean as it can be. Obviously for us, an important focus on training and staff safety. We have regular safety meetings, training days, and all sorts of opportunities to make sure that our site is performing at its best. To finalize the next steps for us, continue this transformation to being a revenue-generating miner. We have had the pleasure to be involved in an operation from start to now, to go through that process and to actually be exporting product. We can confirm that our site continues to be able to export uninterrupted. We've maintained supply of fuel and explosives and parts to the site, and we've been able to operate successfully. We do want to position ourselves as a reliable, steady producer of spodumene concentrate. As we say, the increasing demand is giving us the opportunity to sell into a rising and strong market. We do look to continue to, as I said, generate value for ramp up the development of our asset portfolio in West Africa. We are continuing to review opportunities, whether they are in the form of M&A or rather in the form of joint venture or acquisition of new exploration opportunities. We particularly like to continue our focus on lithium and critical minerals. At the moment, we think that West Africa offers the best opportunity for us. That's the summary presentation. We'd like to open the floor to questions. As I mentioned that initially, we've received a significant number of pre-submitted questions. We'd like to commence with a few summarized questions initially that will, I hope, provide answers to a significant number of questions. Abigail, if you'd like to start. Thanks, Glenn. The first question is, achieving first production is a fantastic success story for the company. From the board's view, what are the key catalysts over the next six months that will finally align share price performance with the true value of the new project? Yeah. Look, number 1, the premise of the question, I agree, it's been a great result for us as a company. We are in production, we are exporting, and we are generating cash. We are not seeing that yet reflected in our share price. In our presentation here, we acknowledge that there is and has been a perception of a difficult operating environment in Mali, and perhaps that we're seeing increased risk aversion on our company. As we've outlined, our focus is on the continued development, expansion and demonstration of the long-term value of Bougouni. We continue to work to make sure that that is recognized in the market, and we expect that that is the catalyst that will continue to drive a share price increase. I think importantly, it will be when we start seeing funds return from Mali to the holding company, Kodal Mining UK, clearly demonstrating that we, as the group, will start to receive the benefit of cash flow from the operation. Okay. I've had a few questions about ongoing unrest in Mali and security, which you asked in the presentation, but just a related question. Just a quick insight into trucking from site to the port of San Pedro. Yeah in the Côte d'Ivoire. Yeah. Look, there's no question that we are very aware of unrest in Mali, that as we stated, that our focus is always on security of site, security of personnel. I think we've covered that, and we do acknowledge that there is a lot of difficulty for Mali public and in and around our area, which traditionally has been an extremely quiet area. We are seeing some increase in banditry. We acknowledge the efforts of the government to try and get on top of that. However, directly answering the question, our export of spodumene concentrate with the trucking route from Bougouni to San Pedro has continued uninterrupted. We do note that we are trucking a concentrate. It's of little interest to anyone other than our buyer, and that we're seeing that our process works well. I think we made the comment regarding the first shipment that we trucked out just over 30,000 tonnes in three weeks. The process works well. We have excellent trucking contractors, we continue uninterrupted. Can you provide us with an update on the renewal of the export permit once you've reached the initial 125,000-tonne target? We were very clear that in our discussions with the Mali Government for the initial export permit, we had stated to them that the anticipated annual production from site with the DMS plant is 125,000 tonnes, and we requested a 1-year export license for 125,000 tonnes. We anticipate that license being renewed. We have commenced discussions with the Government. We are seeing that the Government is acknowledging our work and has had customs officials on site. We have been paying a royalty to the Government as exports continue, and we're seeing a very strong motivation from the Government to continue to work with us, and we anticipate the renewal of that export permit. Can you tell us what the floor price agreement is? When we announced our offtake agreement with Hainan initially, and as we pointed out, it was in a lower and possibly falling lithium market. We had put in place a floor price to secure the minimum expected operating expense of the operation. When we commenced the export, the floor price was suspended. We had not been able to reach an agreement on a floor price with Hainan at that time. We've continued to discuss it. I think I would say right now it's a bit of a moot point what our floor price is. Initially it was US$750 a tonne for 5.5% concentrate. In my discussions with Hainan, I've been suggesting that we revert to that price. We have not yet finalized a position. Can you quickly provide a summary of the recent Niéla license expiration? Sure. Not a great result realistically for us. However, what was the key to Niéla was that we had had a lot of positive results before that in terms of license renewal, to the point where we had received an exceptional renewal, on top of the already existing nine years of exploration license that we had. We were able to open negotiations with the Côte d'Ivoire mining department regarding a second exceptional renewal. I think as its name implies, it is an exceptional renewal and we were unable to receive that. Subsequently, an application from an unrelated company to us was lodged. We attempted to continue our negotiation with the government until it was clear to us that we would be unable to renew the license or retain the ground, and that was what we announced. We then had an opportunity if we wished to. The organization that put in a new application for the Niéla license and was looking to sell it or sell its interest in it, or the majority of its interest in it. We had the opportunity to join that bidding process. We, as a board, looked at the sort of money that they were asking for, knowing what we know about the drill results that we'd had at Niéla before, and looking at the other opportunities that we are seeking to pursue, took the view that we didn't want to join that bidding process. We withdrew. At that point, and only at that point, did we give Hainan Mining, if you like, our permission to go ahead and join the bidding process in which they were ultimately successful. There was a clear process that we followed to demonstrate that we no longer owned the license and that our application was not going to succeed, and that we didn't want to ourselves seek to acquire an interest in the license from the new applicant. You talked about this in the presentation, are we securely on track to maintain a consistent 15,000-20,000 tonnes shipping frequency? Sort of follow up to that, can you give any update on the fourth shipment? Simple, yes. As we've stated, we expect to be able to regularly deliver 15,000-20,000 tonne shipments. First of all, I'll give you an update on the third shipment. It is now on its way to Hainan Port. It stopped at a port in China quite close by. We anticipate that arriving later this week. That would then lead to the third shipment being finalized. Fourth shipment, at this stage, we're expecting that to be departing. We've been told a couple of different times, but I would say before the end of July is a likely time for that to go. We anticipate that being actually somewhere between 20,000-25,000 tonnes. At port, we currently have in excess of 17,000 tonnes pending. Can you provide an update on the resource upgrade? Yes. We obviously have had a focus previously on the mining side of the operation, but we did continue with the exploration and development drilling of the Boumou prospect. We did receive the full results last year. We have completed that geological interpretation, and I think the key thing to say about that is that what our drilling did show was that our geological model was robust, that the drilling confirmed the previous high grades, that we were able to show Our continuity of multiple pegmatite bodies. We look at the Boumou prospect as actually being the resource now that will underpin the phase 2 development. Which is quite, again, one of those quirks of exploration in that when we first published our resource that included Boumou, it was the smallest and lowest grade. Persistent work by our team and recognition of two key target areas allowed us to build that resource to where it is today. As I mentioned in the talk, we have previously published response via RNS. We acknowledge that Hainan and our team on site have completed some internal studies on the resource estimate. These are used for planning and for the preparation of our phase 2 development work. I think they reflect what I think is really going to happen, that we are going to see a significant increase in the resource. The work we've done is very strong. That resource is not yet JORC compliant, and we're working on getting it to that level. We're not giving a fixed date on when that will happen, but we're working on it. With revenue now exceeding $51 million, can you provide some more color on Stage 2 at Bougouni? Will Hainan help fund with the same structures as Stage 1, or will Kodal be expected to contribute capital? Well, I think I outlined that in the talk. Number 1, Kodal, we, as a board, are very happy with our position in the operation, and we'd like to maintain that position. Where possible, we'll be looking to participate in the funding. As I said, we believe our sources for funding will be the cash flow from the operation, the financing available from granting an offtake right to a party. Clearly, Hainan are a very interested party in that, and it was always noted from the signing of the Hainan financing transaction that Phase 2 was separate, and that when it came to construction and financing of that if Hainan wanted to secure the offtake, they would need to make a financial contribution. Finally, obviously, we're now a cash-generating mine, and sources of funding, including debt, become far more available for that sort of operation. We anticipate that Phase 2 has a probable capital requirement of something like $200 million. We obviously need to finalize those studies to get a better handle on that. In all instances, we don't need $200 million on day 1 of starting the development. We anticipate being able to continue operating the DMS and build up the cash to support that funding. It's a little bit of a long-winded answer. Number 1, Kodal, we want to maintain our position. Number 2, we're confident that we have avenues to support the funding of that. Do you guys, anyone have a question in the room? No? Yep. Any plan to improve the PR, which has not been really great. Other companies are putting themselves out there and doing lots of engagement with customers. Where you can see Kodal is that there's nothing to start with on social media, and we've not seen pictures of the DMS, et cetera. Is there a plan to increase the engagement with the PR and the cost of PR? I think we do reasonable PR. I think if you're suggesting that there's no photos of our plant or of things going on in Bougouni available online and through various sources. We have a PR firm working with us. I think they do a really good job for us. Clearly, I think that when we are looking at what's been happening at Bougouni, it's a mining operation now, and a lot of things are happening on a day-to-day basis. As I mentioned, we continue to export product to the port. We continue to mine and process, and we're operating well. We're starting to generate cash. Not every one of those things becomes an immediate social or PR announcement. We regularly provide updates on things that are happening of importance to the company. We do like to try and maintain that discipline of providing a quarterly update, particularly focused on Bougouni. We have acknowledged, and we do acknowledge that if there are issues surrounding that, we do bring them to the attention of our shareholders as early as possible. One of the things that probably is also an issue where we're still an exploration company in a lot of ways as PLC. We're looking at multiple opportunities. Until such time as we can be absolutely confident that they are going to come into our portfolio, a lot of that work is still confidential. Not only from our side but also from people we're dealing with. PR is a little bit of a nebulous thing. I believe that some people are far more prepared to spruik things that perhaps we're not prepared to do. We like to be very clear and emphasize the positives. Number one for Kodal PLC, we're very well-funded. We're 32% shareholder in an operating mine. We have minimal debt in terms of the whole group, and Kodal PLC particularly has no debt. The operation has a debt to Hainan that should be shortly repaid, and then it will be generating cash repayments to the holding company for the funds that we sent down for the construction. It's a very positive story, what we have, and we do try and make sure that's clear and obvious to the public. Did you have a follow-up at all or anything else? No. Is there going to be a change in the PR, the amount of PR that's coming out right now, particularly in social media and particularly Twitter, which is, I mean, I should call it X now. Is there a plan to actually change that or are we going to still have the sporadic releases of information that we have seen? I don't think we're actually particularly planning a Twitter campaign. We're not planning a campaign of having multiple daily, weekly snapshots of site. As I said, we like to make sure we focus on what's really important for the company and the development of the company. We are working with our PR group, and I think that we have been very well supported by them, and we continue to review where we are, and we'll look to improve that. Look, I do want to make the point that when we look at our proxies, and while we're very happy to acknowledge that we've had in excess of 90%, 94% for each resolution, there is a number of votes against, and we need to work with that to make sure that we understand and continue to bring shareholders along with what we're trying to do. You okay? Yeah. Anyone else? No? There's a question regarding the wet season in Mali. In 2025, caused some significant disruption, especially filling the pits and temporarily halting mining. What specific measures has the company now taken to put in place to ensure 2026 wet season has materially reduced impact on the company? Yeah, 2025 was a pretty wet season. We had some issues with some pumping at times. We did have excess water in our pit. What we have done is increase our water extraction bores around the mine. In the mine itself, we've dug several sumps, and we've increased our pumping capacity to make sure that we don't have water in our working area. That, at the moment, seems to be operating quite well. We're getting daily updates on rainfall. The wet season has commenced. I wouldn't say it was yet in full wet season mode. At the moment, we're not seeing any issues around the wet season. We've taken the opportunity in the preceding months to make sure that we've done a lot of work on sheeting of roads, sheeting of access, trying to build up our ROM stockpile ahead to be ahead of any possible impact if there are days where we're seeing reduced availability from the mine. Wet season is an annual event, obviously. Sometimes the impact is lower than other years. We certainly learnt from last year, and our site is more prepared than it was last year. I think we have to come to a conclusion. I'm sorry for any questions that we haven't been able to get to. I think perhaps, is there a final question, or would you like to do a summary? Well, let's just leave it there. Yeah. To summarize, which is where you started, Bernard, it is less than 10 years ago that we, Kodal, acquired the exploration license in Mali and began our lithium journey. In that time, we have explored a mineral resource. We have completed the feasibility study. We've raised finance. We've built the mine, and the mine has gone into production. We are, as PLC, debt-free. We have a 32% interest in an operation that is generating annual revenue at the moment expected to be of around GBP 250 million at high operating margins. I think it's a fantastic 10-year journey that we've done despite everything that's been thrown up against us, including government change in Mali, including COVID, and a whole load of other issues. I think it's testament to the team in Mali and Bernard and his team here that we've achieved so much in such a short period of time. I think it's a great success story. Thanks, Rob, I think that I appreciate everyone's interest. We do have a lot of interested shareholders in Kodal, and we would like to continue working to make sure we maximize the value for our shareholders. Thank you very much for your attendance today, and we'll call it a close now. Yeah. Thank you.