Arafura Rare Earths Ltd, page-943

Pretty sure they were tapped out at 7% Birch. They've made a motza over past 18 months in both paper and accumulation in offset holdings. That's not fine - however it's what happens often when mining companies have to get the Insto's on board to progress to developer. Without them ARU would not progress and reality is they are in for the huge future gains and will be deep in negotiations - if not complete to participate in the equity side.

Just on Lynas short position going up quiet some. In a short period both HP and Aus Super announcements of substantial holdings +5% requirement. They must have collectively been accumulating over a similar time period when Lynas was at lows say $5.50+. How does one explain the 5-10% accumulation of a stock yet the SP remains mute - Insto's BOTS just trading pips to accumulate - exactly what we have seen here at ARU over a sustained period. No coincidence - soon as Aus Super arrive on their register their short position on the up just as with Syrah for many a years - they are big lender to shorts.