"There's every chance that those buying at these levels are taking a quick punt and may happily turn into high-volume sellers around the 12 cent mark. I wouldn't read too much into it."
Funnily enough I marked 12c today as a valid area for a pullback. I do have reservations about a 30% gain on nothing, however we have seen recently how traders can pump & dump it for a quick return (last time it happened was almost exactly the same % wise from 16c to 21c as it is 9.1c to 12c) .
General Discussion AGY, page-20483
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