quarterly, page-2

It's a good quarterly, although I think it shows where the selling pressure is coming from:

"Repayment of Secured Debt Facility
During the Quarter, A$8.5m of the Company's A$13.2m debt facility was repaid following the early exercise of the attaching unlisted options and principal repayments. The outstanding balance of the facility is scheduled to be converted to equity prior to the end of the March 2011 quarter."

With another $4.7m in equity to be created in the next two months, I think the recipients of that equity will be attempting to hold the share price down as much as they can. They can probably churn the market for a few hundred thousand such that they get over 50% more equity (8c SP versus 13c at conversion).

Just my conspiracy theory anyway...