Hi NL, ASX 300, yes would have rebalanced to reflect a lower market cap so indexed funds would have sold some (weighted) and others that wanted in would have bought. It’s all done prior, organising who is offloading (to keep the weighting) and who wants to buy to even the market. Could very well be the same institutions moving from an indexed fund to say a growth fund or alike that wants initial/further coverage. There are a plethora of institutions out there with various trading funds and weighting mechanisms.
Nothing new and Monday will be another day.
One thing I did like today was Ken’s presentation and some comments he made (thanks to posters) something like it’s not lithium they are selling, it is consistent quality of product, or something like that. Altura are building exactly this and almost there, consistency and quality. Both companies are. That is what will give us the premium edge and I cannot wait until this is properly revealed, then you will see institutions taking notice in a big way, re-financing achieved easily and broker reports frequenting websites again. This ship, yes is fantastic once it leaves port when that happens and is a major milestone but if you are able to hold longer, at these prices you will be well rewarded. JRO will sort itself out while Lionergy snaps up our initial shipments and a surprise or two along the way is well on the cards.
Have a great weekend.
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