Galaxy Resources dilution or not?, page-96

Placements can also be directed at fundies such that they become a new cornerstone investor.
Once again 2017 is about increasing fund ownership of GXY, and a placement does exactly that. After yesterday's roadshow by Canaccord, I'm sure a few new fundies are signing up on the share register.

Having larger funds hold larger portions of GXY will ultimately reduce share price volatility, and encourage a smoother long term uptrend. Because fund managers are not mandated to lose money, they will periodically ask their traders to pump the stock upwards.

It would be ideal to get more super funds on board.