Returning to the video in this post-
It appears that he either scrapes his toe or footpeg part way round, he obviously has little experience of this happening so instant reaction is to pick the bike up, this puts him into the trajectory of the cyclists, unfortunately what's probably going through his head is
Shit shit shit I'm heading right for them
Shit shit shit I can't brake cause I'll end up off the road and heading straight up that steep bank
Shit shit shit I can't corner any further to avoid them cause in my mind I'm at the limit and I'll be scraping the pegs again and crash
Shit shit shit not enough time to think of other options
Fuck it lets have em all!
Lack of experience,
That's my two pence anywho!