Over the last two weeks, the LIT fund has sold 17.25m shares in...

Over the last two weeks, the LIT fund has sold 17.25m shares in INR, due to a major overhaul of the fund (both composition and weightings) following changes to the Solactive index on which it is based. It now holds 8.2m INR, i believe the selling is done and any further adjustments in holdings will be due to purchases or sales of units in the fund. They rebalance again in October.
This explains the recent selling pressure and why we are now at 10 cents
The good news is that once this rebalance is complete (some other holdings eg, AGY, AVZ, NMT are still being liquidated) INR will remain in the fund as one of only five asx listings, the others being GXY, PLS, ORE and now also MIN.
I assume there will be an imminent reduction in borrowing/lending, short positions. Have they actually covered yet??
So we know who's been selling and yes the big question is who is buying?
Tesla is now fast-tracking semi production, bringing forward production plans from 2021 to this year, possibly in Nevada. They gonna need a lot of lithium for those big batteries, spec is between 600 kWh to 1 MWh in size.
Could Ioneer be the chosen one? Either way this is all very positive.
Very looking forward to battery day which may well kick off the mother of all scrambles by those downstream to secure supply.
They simply cannot stay in denial forever.
Exciting times ahead!