Ann: Management Team Strengthened, page-11

Been there before and had similar thoughts - but have seen it too many times now.

This may be the thinking of many holders:
- The price may already be factoring in a good level of brine found.
- I'm in profit now so will sell X% of my holding to lock in this profit in case the news disappoints or people sell on fact.

That type of thinking is common - and well based.

Those sitting on averages below 10c have more to lose than gain, so they will often reduce their holding as the news approaches.

It tends to be only those who've come later to the party, say 15c+ averages, perhaps not considering the fact that good news is already heavily factored in, and look for the SP to "blast off" when the announcement is made.

The "wolfpack" is a poorly substantiated myth in my experience.

All just my opinion, based on previous experience.