Ann: Response to ASX Price Query, page-10

Gb,

I'd posted on Tuesday, I though bph would jump this week and again the position last night.

We had 1m sells at 2.2c and 2.3c amongst other sellers.

One of the 1m sells was pulled yesterday, but it re appeared today in the am at 2.2c, 1 pip lower.

Id felt the price was capped at the 2.2c mark for a bit whilst trade starved.

On Mon and Tues, sub 375k vol days, half was bots picking up 1/2 pip arbitrage between asx and chi-x.

It was all there in trade, double bottom, saucer with Suttle, trend change early April.

Eventually it was going to move as trade tightened, whilst at the same time demand grew and what was on offer declined, outside a few caps.

A share can not be so constrained for ever basically, it always breaks.

Buy did not move today, so nothing to do with pep11 leaks etc.

Tommorow target is 3.6c. That will deal with the gap from the cr price trading area.

I hope all the folk hear that are upbeat are truelly set before today as buying heads at 2c was tough, as was getting options at 0.5c.