Then you have big instos in Iluka and ARU. I think this is probably partially due to them being ASX top 300, which i don't think LIN would be. Other factors to their benefit could be (i) Australian located resource, (ii) will produce more downstream REEs and (iii) both have offtakes locked in. Alot of instos will only invest in ASX 300. Once we move into that we should also benefit more from insto support. For now, we need some bigger players who are happy to play in more speculative assets.
had a look at MEI top 10 - alot of companies pty ltd but no notable big instos. Caveat that below top 10 listings are only partially up to date and will not reflect the actual top 10 as of today. Some may be based on 2022 annual reports etc unless a more recent source is available, but its indicative. It would be updated if sub holder notices had been lodged etc.
Iluka top 10 ,
ARU top 10
PEK top 10
Even PEK has some instos and PEK is an African resource.
Then you have big instos in Iluka and ARU. I think this is...
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