ipo mt bevan! , page-12

"Directors finally selling some more of the stock they got at .0072 perhaps? 23+mil is a large amount for a shake out, so lets see. It could be a large holder just wanting some funds."

Directors only bought 2M each indirectly in the SPP

Kerr owns around 50M indirectly and Elliot 10M, again indirectly.

http://www.hotcopper.com.au/asx_announcements.asp?id=93629

Probably an ordinary shareholder not willing to take the risk on the quarterly IMO

Interesting perhaps that .008 wasn't breached in the sell-off, couldn't say what if anything might be read into that though.