“No one at ATL is stupid enough to think $5M is going to make a difference to AGY. They were stupid enough to think it was a good investment for themselves.”
omg.
Is that what you really believe?
Why didn’t they buy on market then?
Why did they accept a 12-month no-sell condition?
Yeah, they seem pretty “stupid”, don’t they, having developed and spun out world leading battery manufacturing companies. Real stupid! Must be a bunch of amateurs having a “gamble” on some random junior stock just for giggles.
They aren’t flipping pips btw, they are testing our product with the goal of finding and securing more Li chemical supply.
It was a strategic investmentand they will explore future strategic cooperation opportunities.
Are you having trouble reading the announcements? Prefer your own pessimism-bias-driven layman’s speculation to the facts?
Be ashamed.
USD$5M provides Puna Mining with an additional several months of funding afaict, which will get them even closer to being able to provide the end product that ATL is clearly seeking. It absolutely “makes a difference”, and claiming ATL aren’t aware of this is just another baseless layman claim.
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