Ann: Becoming a substantial holder-AQI.AX, page-13

Issue is many shareholders have been buying at or around 10-15c and then another wave at 25c, so most shareholders are sitting on tidy paper profits (notwithstanding the potential for many more bags from here).

Also, expectations of drilling results in August have helped to shake out (along with the gold price that has been declining throughout August until the last 2 days)

So it is reasonable for some profit taking at these levels as we shift the share holder base to a tighter more institutional grade and then on wards to the next leg.