Ann: Trading Halt, page-96

Hi tepid and very fair summary - many are making or have made similar decisions to depart and the some commentary here and digging up past bad experiences (amazing how many of us held Atlas but some are still getting over that divorce) and management justified attacks would display to insto's there will be more sellers and they will keep the heat on whilst it lasts mopping up the last retail sellers in what appears a management strategy to assist the corrupt transfer of shares to insto's and the 16c spp and subsequent options at 22.5c gives management a very nice level to also make their first "performance" strike and further are most likely accumulating at these levels themselves through various means - guess no one ever considered that - as they are bitter and rightfully so and targeting none other than HP whom do not even hold a blocking stake as they have done with other recent investments very much thwarting - signaling their hands off those companies - to any other takeover attempts.

I'm unsure regarding your comment "we will never know whom insto's are" then straight away stating you don't blame Gina's ruthless ........ Simply your first statement is correct and the latter is not.

Any comments about future pricing are to be viewed speculative only and everyone has to assess and make decisions. The SPP could have been much larger to accommodate the insto's be them past or new - matters not because we simply do not know. It was not larger simply because the management and insto's new the reaction this would receive and they could simply fill their bags more on such fallout - disgraceful 100% however this is not the first time a company has colluded in such a way and will not be the last.

Quite comical really when they have spent considerable monies of past retail investors whom propped up the company along with ECE monies to prove up ethica -l native title - ESG environmental traceable one site credentials - the non China supply thing and so on yet act so unethical at board level to retail shareholders whom have been their bread and butter for 2 decades. Anyway this board will have to make ARU/NOLAN'S work very favorably for them as any other potential ASX board they sat which would be a minnow anyway would see immediate sell off on their past record and failure to deliver if they do not take Nolan's through to successful commissioning.

Currently here the FID - final off takes and financial closure is penned for first half next year - this unethical spp is disgraceful but it does not change the project progress - only assists and sure if it happened in say 3 months time at 25c we would not be so savage about it but still unhappy - anyway it has happened and the message in the spp is loud and clear given the cash balance will be more than suffice until EOFY - 30 million remaining! (and perhaps even some large LOM savings by engineers that will make the extra 30 million in this raise insignificant - the GE power supply is one example of such and requires much engineering capital to implement in a timely and cost effective manner) by which time many announcements will propel the SP and further into the following 12 months whereby lowly 22.5c options kick in and expect considerable sp gains because when the insto's want sp to move up - they will make it happen on the announcements forthcoming - so I disagree with your no change to 16c and those whom sold I ask to check back in by EOFY when many critical announcements have been released and just perhaps - no certainly some key additional financials provided by some of these insto's whom have arrived in the past 12 months - why would one sell pips at 16c or whatever if it goes lower when in a short time EOFY one can double their money plus some - see this so many times - very recently IMU up 200+% on what was a very poorly received large SPP.
Additionally the renewables sector is showing some positive signs in global markets and perhaps 2024 - wind in particular is looking big on a poor 2023 and EV'S of all types are only heading one way - could see a strong investment return to the sector and new holders and those that arrive will care one little bit about past ARU drama's as the critical announcements flow - no they will be to busy cashing in on the late opportunity presented. That's godawful for long termers that sold but just how it works - insto's have already sat back and helped themselves to another 50+ million shares since this spp arrived.

The HP takeover speculation is nothing more. If they took a 19.9% stake then yes. Do people think they are hiding behind insto's with more shares and voting capacity - responsible for the shorting and accumulating - please prove it. Seriously it is obvious she does not play small fish tactics - if she wants something through acquisition then she just pounces as clearly seen. It is like saying she is responsible for all the massive shorting on the entire asx - nonono - she has a 10% stake currently and if she sees fit would increase it in one swoop - then again she could also dissolve her current 10% holding yet her investments - diversification into the early renewables shift appears a very long term strategy and I view HP as one of the insto's that could add much required financial support directly in the form of equity - indirectly I have an itch this recent spp was to the one's who missed the bus last December - in form of insto's that have secured large financing USD150-190 million it think it was in that chart - because nothing ever happens in the corporate world without a LOTof massaging the BEOT.

Just my views - never by a single share on anyone's ramblings - DYOR.

On another note we see lithium prices rebounding.
A German company has just won a large offshore wind farm contract - they will be using GE manufactured turbines.
France has just listed an extensive list of EV's that can be inclusive of subsidies - China's EV's out and same re Tesla's made in their Shanghai factory.
So much big news out their - look at EV producers on US exchange bouncing back.
RE export bans/restrictions have been in the news more with Beijing now enforcing strict export regulations and documentation of every export kilo.
Iluka making news their FEED release is running late - now first quarter 2024. Suggestions higher costs and media are running with additional 20% CAPEX - I'm not sure and to lazy to look up when they last presented CAPEX budget - it could have been way back when Scomo provided them the 1.1 billion loan facility but it highlights what we know - RE industry is very capital intensive and challenging.

Sure makes Lynas IP - assets - deals with US and extremely good management the aspiration of all ex China RE ROW hopefuls for which some will prevail in time - just as with Lynas it nearly did not happen and yes their was a change at the top management - yet it is ever more important as global governments recognize and are moving at speed to address and support the likes of ARU - Have a look at the list ARU have - it is not fabricated - it has taken years of hard work - connectivity (yes expensive) to assemble this Tier1 everywhere - globally diverse list of such which is all about to be confirmed with many binding announcements in first quarter 2024 and to EFY 24 - nothing has changed there and insto's know it and why they are all over it.