My guess - anticipation of a lacklustre Qtrly report coming up...

My guess - anticipation of a lacklustre Qtrly report coming up in a week and a bit. Production of around 5,000 ozs (probably) won't cover costs. Spin and hype will pad out the report and more investors and potential investors will be turned off.

Obviously, with hindsight, selling part into strength as the price began to probe massive overhead resistance at 34-35c was the way to go. But there was little opportunity to do that.

Chart-wise I would say there's a chance that it is just retracing some of its previous run. Visually adjusting for today's drop to 25c, the weekly chart still looks ok.