Ann: Annual Report to shareholders, page-69

It is a shame to see large holders dropping out of the top 20, some people are trying to spin it as a positive but I can't picture it. Some people are trying to spin it like a huge red flag but I don't think it's that bad either. Maybe there's a happy middle-ground?

My take is it's just a confirmation of the true level of risk we face by investing in Talga - aka the risk is high, it's too high for some big players.

When large funds sell it ought to be a very clinical decision based on risk management, amongst other things, right?
They want to make money, but they also need to be careful about managing what they have. I think if I was an institution managing other peoples money I wouldn't invest in Talga either, I'd consider it if/when Talga becomes a fully permitted, fully operational production with sales agreements etc.

The average retail punter doesn't have to worry so much about others peoples money, they probably have a much larger appetite for risk, so that's where the money flows.