It is difficult to determine what superfund exposure there is. Where you see Nominees on the register, it could be managed funds, superfunds, institutions, wholesale, whales etc etc. Keeping in mind that we only have a market cap of a couple hundred million and haven't been in the ASX300 for long, the ETFs that track the ASX300 will need to rebalance so there will be some selling, whether the slack will be picked up by retail, institutions and whales, we will need to wait and see. With some positive company announcements coupled with a sustained rise in lithium prices, AGY should be able plough through it and continue rising. As noted, short interest should also reduce, which will also counter, to a degree, the expected rebalancing of ASX300 ETFs and a little from superfunds.
AGY Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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