Quote Ya:"The drop was due to Xtract PLC, selling about 2.4m...

Quote Ya:

"The drop was due to Xtract PLC, selling about 2.4m shares for abt A$816,240 (avg 34c). They've been doing this periodically to fund some of their other projects and have dropped from 64m to 56.747m over 18 months. Hence the drift in SP."

That doesn't have anything to do with the recent drop from 30c down to 23c, as you pointed out when you calculated the average price @ 34c. This would have been a partial cause for the shares topping out at about 35c.

But they have possibly sold more shares since then at lower prices, which is maybe what you meant.