Ann: US$5M Strategic Investment by ATL, page-281

"Pierre, what’s your take on today’s close? Shorts doing one last push down to try and cover before off takes are released? Or, T2 day traders trading the last announcement needing to cover?"

Not sure if shorts have much to do with the last couple of days price action. I didn't think this ann was a catalyst for anything apart from a small cash injection. As mentioned previously ATL have also invested in other asx listed companies, including a 10% stake in St George Mining (ASX:SGQ) along with an option for an offtake - it did nothing for their share price apart from a small gain in the coming days.

If there will be any further push up above ATL's purchase price, it will be this week, as the gap closed today. But IMO I think it's just business as usual with a little more money in the coffers.

They need an offtake for the price to "rerate", IMO. A Tier-1 in the EV supply chain will be preferable for sure, and if they want to go with Chinese, I would be super happy with CATL.

Re-read the announcement and I'm not sure what to make of "access to ATL networks". It's open to interpretation what it could mean - possible discussion with their JV companies? Or something else entirely? It's definitely good for a start. But again an offtake with CATL would see the share price and valuation rocket more than one with Ampcore or Ampack (the ATL+CATL JV's).