Giga hasn't been selling a narrative. The CEO and management didn't sell. It was the current Chairman and the former Chair of the Board. The Reuters article came out saying Tesla was in talks to buy nickel from Giga. That's not exactly totally far fetched to believe considering Elon Musk was pleading with nickel miners to mine more nickel on their recent earnings call.
The director who sold the shares also has a company, Conic Metals, that stands to benefit greatly if the Tesla deal goes through. They still retain royalty rights that would give them 2% of the revenues of all the nickel that's produced which equates to 2% of hundreds of millions of dollars in revenues for the life of the mine (40 years). Why didn't your hero mention that in his article?
He's also not being accurate when he said the CEO said there is no material disclosures on the way. That's not what the CEO said in the press release. He said there's nothing material forthcoming which means the near future. That doesn't rule out a material event taking place. Talking to Tesla would not be a material event until they have a formal agreement.
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