Just with regards to you reference of the top 20 "many of the top 20 have bailed / reduced"
Here’s a comparison of the top 20 from the June 1/2 yearly reports, compared to 28 November.
I did this just recently as I knew someone would bring up the top 20 sooner or later.
In June the SP was around the 4c mark , peaked at 7c in “the run” on 7th August.
There was one big seller June-November from the top 20, who still holds 20 million shares.
JP Morgan sold 4.2 million but still retain 52.8 million
Many are unchanged, those who were already in the top 20 at June actually accumulated 26.6 million more shares in the June-November time period.
Also the top 20 base threshold has increased in value, nudging 2 directors (Algar and Ingraham) holdings from the top 20.
If they sold there would have to have been a change of directors interest notice from the ASX so they retain the same holding.
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