Ann: Presentation to Denver Gold Forum, page-52

loki there were 2 separate peaks and sell offs.
the first peak hit 23.5c @ 10.39 when 2 trades totalling 16,897 went through it then fell to 19.5 @ 10.41 before floating around @ 20-21c until 12.55 before lifting again to hit a second peak of 22.2 @ 1.13 before drifiting slowly down until the bell. If it was the day traders who sold off they took their time about it spread over hours?
IMO I think it more likely that the market did not have faith that this run was real and st traders took profits and may have bought back in towards the end of the day. As wilto said the vwap was 19.67 so a lot of shares were bought above that today and will no doubt buyers would be wanting to lift again to retest the 20-23c range. (hopefully as I would like to again claw back some more earlier losses from sbm )