I think that you are spot on Shares2. There may also be some IPO...

I think that you are spot on Shares2. There may also be some IPO stock (Dec 09 @ 20c) being sold off.

In fairness, GMM has taken some time to make a run (if this is in fact it) so in this context it is understandable that a group of holders may be looking to exit. Although in my opinion it is a bit like playing all season for a sporting side with good title prospects and then retiring on the eve of finals! I have a sizeable holding in this stock and am staying in because I firmly believe that the risk-reward proposition is compelling.

An a side note, there have been some interesting "pairs" of trades at 20c today. Look down the list and you will see trades of unusual sizes in close proximity that together add to a significant round number (e.g. 68,982 and 31,018 at 13:59). It could be that someone is looking to accumulate a large position without alerting the market with a big order. Either that or remarkably similar position sizing strategies are being used!