Ann: Ceasing to be a substantial holder, page-9

It's Fidelity Australian Equity trust and Allied funds as far as I know. They've had a long term interest.
Moves up or down will be in keeping with prudent fund management for the portfolio. Which include a top down view of how much small caps. they will hold. In that how much in mining, and then which miners qualify. The key manager there is Paul Taylor and he's got a good rep. as a stock picker.

Being sold down by them probably means they want to hold less small caps and small cap miners in response to global outlook for resources and maybe specifically gold. If that's the case ALK get lightened by a slice.