its a canary, page-28

This stock has been shorted hugely and it's probably been going on for some days.

Yesterday 23% of the trades were shorts according to the ASX site and I believe this has been going on for a while - hence the ridiculous drop in price. I didn't think to check before today but will look again tomorrow to see if the volume of short trades has changed.

The effect has been to panic the longs into selling. I think the company is likely to survive and the price should come back up eventually. May be good time to buy in if I can come up with a bit more spare cash.