why we should't be afraid of the "big boys", page-26

the top 20 shareholders own 72% of shares .the top 6 shareholders are ALL nominees own around 65% (LYC Ann Report 2011)
1. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 403,806,576= 23.561%
2. JP MORGAN NOMINEES AUSTRALIA LIMITED 248,823,836 =14.518%
3. J P MORGAN NOMINEES AUSTRALIA LIMITED 178,717,900 =10.428%
4. NATIONAL NOMINEES LIMITED 149,382,705= 8.716%
5. CITICORP NOMINEES PTY LIMITED 89,145,387 =5.201%
6 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED–GSCO ECA 68,646,586 =4.005%
7. MR CONGLIN YUE 11,000,000 =0.642%
8. JAPAN AUSTRALIA RARE EARTHS BV 10,972,275= 0.640
9. NYCO PTY LIMITED 9,902,673 =0.578
10. LANDO PTY LTD 9,400,000 0.548
11. AMP LIFE LIMITED 8,793,180 0.513
12. ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD 8,129,264 0.474
13. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED – A/C 2 7,600,618 0.443
14. ALIANA PTY LTD 7,130,000 0.416
15. LYNAS CORPORATION EMPLOYEE SHARE PLAN PTY LTD 6,931,606 0.404
16. SILMAR PTY LIMITED 5,742,406 0.335
17. QUEENSLAND INVESTMENT CORPORATION 5,235,314 0.305
18. COGENT NOMINEES PTY LIMITED 4,557,513 0.266
19. MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 4,252,292 0.248
20. TECR PTY LTD 2,142,828 0.125
Total 1,240,312,959 72.365

The shareholders from 7-701 (695 of them) could effectively be considered as part of the shoal being predated upon (though they are NOT required to ann their changes in shareholder ownership) unlike the top 5 who are required to declare movement in shareholding as they are above the 5% threshold.
Even the shareholder at no 7 has only 11 million shares while it is a relatively large amount of money generally only half the daily turnover of LYC share.Logic would indicate that the shareprice changing tactics seem to point to the top 5 nominee holders,"dark pools",hedgies etc.