Slightly reworded my post. I'm surprised someone reported it in the first place.
Lind converted 14million, which would have taken them to 5%. The way the deal is set up they cant convert all at once so they are free to hold onto their shares without worry about having to lodge a bid. It'd take a very long time to get to 20% if they converted in the least amount of time possible. So they can choose to convert and hold for higher prices to sell into if they desire.
There's some nuggets in an ASX graphite producer's announcement yesterday which talks about it's struggles and i'd imagine would have implications for the wider battery metals sector as a whole. AEE pushes the battery metal theme so if you're interested have a read.
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