Ann: December Quarterly Activities Report, page-28

Broker data shows you where the sells and buys are coming from.

If you know a certain holder uses a broker you can see which holder is selling.

Usually you want to see insto's (smart money) buying and retail selling, not the case here, we are seeing net buying has been with comsec, which is mainly retail, and net selling has been with shaw with insto client, volume selling it had to be top 20 holder selling, we will find out who soon enough as it was this time last year the financial report was released (which had the updated top 20 for feb 2022 as well) so we should be getting the same any day now, and can see who was selling.

Whoever it was they seem to be done now, under those owning 5% the top holder is about 150 mill units which is the amount we saw go through on the dump.

Price action already improving dramatically, we were 1.1 offered just last week and now we are 1.2 bid with 10 mill on the bid, those 1.1s were great fills, we will probably get some 1.3s bought today too, not much in the way now on the way up. My theory is it was one of these funds needing to sell their holdings (they have rules to adhere too, so could be selling for whatever reason) so should be a quick bounce back with demand the same and all that pressure test of selling been absorbed, add to that some extra demand when we have some positive announcements coming of restarting the operation, crane fixed, and whatever other deals management have put in place for 2023 that are usually announced around this time.