Ann: Appendix 3Y Notice , page-60

I remember the Lynas share price getting smashed when the CEO sold a big chunk of his shares, share price recovered and went much higher after but I think it can be like ringing the dinner bell for shorters because it suggests a lack of confidence in the company but also that the seller is within the allowed trading window, so a short position is unlikely to be in danger of being blown apart by an unexpected announcement. This case is probably different because assay results were not known at the time of selling by anyone inside the company so trading window probably doesn't apply but the results could still blow a short position to smithereens :) Judging by the hype on hotcopper, I suspect a lot of the floating supply is in the hands of retail investors and this announcement could really dampen enthusiasm and be the last straw for many trapped higher and heavily underwater. Maybe the plan all along, suck them in, trap them high, push it down after a crappy announcement to blow their stops and use the retail selling to push the price much lower, like 5.4c :)

Also, they probably got someone in to zap her memory before she left so don't think she could've been trading off inside information.