Ann: Half Year Accounts, page-5

actually it very much matters what the accounts say.

share price dictates the cost/dilution of any capital raise - any juniors running out of cash (or any company for that matter), forced to raise in this environment with a depressed SP is staring down the barrel and will get doubly punished

ARL has no such issue, so what the SP does at this point isi really immaterial to the prospects of the company

All that matters is (and this is always all that has mattered):

1) how much do prospective strategic partners still want/need our resources as the EV supply chain scales?
2) how effective is ARL management in that negotiation with them?

and of course, point 2 is also heavily influenced by the cash position.

looks like Twiggy was happy to drop $270m betting this will be a short lived bear market (not saying he is right, "just saying")