Time will tell whether he is simply trying to put a floor in...

Time will tell whether he is simply trying to put a floor in around 3c to protect his earliest of investments, or whether he is aware of opportunity likely to be created from the SYR sovereign risk issue. Could be a bit of both...

Soft demand for electric car batteries needs to be replaced with batteries for Australian homes given the "opportunity" our government has created through high domestic kW/h prices.

That, or more drone batteries for Ukraine, Russia, Syria, Israel, Sudan/Chad

<edit - disclosure should not be buy. A Hold (or sell), until Sovereign risk and demand clarity and risk are improved>