Anyone who is down around number 100 on the shareholder list can...

Anyone who is down around number 100 on the shareholder list can hardly be considered a substantial holder Smuggler. I would be taking more notice of the top 20 not the top 100. It would only take around $35k to get into the top 100. And as for watching the top shareholders' trades and holdings - I'm the 6th largest shareholder on an ASX stock and I've been screwed big time by the management and poor performance in the company - I hope nobody was buying when I was buying.
Sorry to say, but the chart indicates few people believe this company has many prospects with the Chinese - seems like they only believe Aust. operations are a goer based on current market cap. Also, I can't see too many of the top 100 accumulating many shares at the current "bargain" prices. Why not???