Yes, usually fund managers will need to trim some overweight down because they only allow certain % in exploration companies.
However, I'm hoping we can one day be included in ASX index than many fund managers (especially index funds) will need to buy and this one is tightly held. If we get to $1/share and stay there for a while (usually 6 months) than ASX will include us in the index and force funds to buy at above $1 than we get a massive lift off.
SBM is not governed by this.
Ann: Change in substantial holding, page-14
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Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 89603 | 11.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 118500 | 3 |
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