Valuing ARU, page-108

So SS or anyone who can explain or advise why the sp is polar opposites in direction to that of significant achievements ARU have completed.

Is it Chinese manipulation? We all see the Aus gov request last week that 4 entities holding Northern Minerals sell down on National Security concerns.
The timing of ECE departure and shorting corresponds - ECE did not wish to do an off market transaction - stated they would sell on market. Possible targeting of ARU in any fashion - in this case hindering equity raise component capacity.
We saw Beijing's response to US tariffs re NdPr etc.

Is it Instos - sheorts looking to manipulate sp for opportunistic accumulation of large volumes of shares.
It certainly is not retail stating the obvious. Chinese or Instos have been manipulating ARU - anyone else have a theory?

No probs long term of course. However something's on the nose here and hopefully ARU have asked ASIC - FIRB whomever to look at whose holding what under what instos entity. ARU one would think would be filthy re future equity raise - placements to instos coming on board at this stage and with such a low sp premium - then again ARU likely know who and as with juniors looking to go into development need the manipulating instos for now if indeed that's whom it is. It is what I have assumed and stated such - and when they're loaded they will reverse course and send the sp north - they are likely seeing this as last opportunity to accumulate around these levels and keep manipulating it for now.

interesting scenario that will run its course at some stage.