The only reasnable explanation I can come up with is that it is some type of legalised spoofing whereby the seller has sold stock at 2.3c today but still has a balance to sell which he's put on the market at 2.3c. By sellling 1 share every hour, the seller is increasing the chances of a buyer coming in and cleaning him up at 2.3c out of frustration.
OR they are actually buyers at 2.2c and below and trying to trigger another seller....
But whatever the reason, its obviously sanctioned by the ASX because it happens everywhere.
Ann: Corporate Presentation, page-161
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