Ann: FY23 Results Announcement, page-15

Liquidity event for the fella that's been offloading the last 2 months.
Traders jump in 48-50c this morning, fella selling it drops ~1 million shares and and now all the traders are at a loss and they climb over each other to exit.

Additionally it's possible these results or the webinar were worse than expected for someone with a couple million shares and they're selling now too. Bit too hard to know really. I doubt it though as the EBITDA was a slight beat over guidance.

To me the result was decent but we never know what others are thinking.

edit: as I'm typing this an offer for 220,640 shares moved up from 43.5c to 44.5c when a buyer showed up. I'm now thinking its been manipulated a bit to force traders from this morning to take the loss. That 220,640 offer obviously doesn't want to get hit.
Guess we'll find out in the coming days/weeks