Ann: Quarterly Activities Report and Appendix 5B, page-42

Good morning all

What the hell does vwap stand for?

Just my two bob worth on placement of orders. I use Commsec and they are very strict on orders that are too far away from the last traded price. If I tried to put an order for a buy or sell
say at $0.05, they would cancel it According to them, ASX rules prevents brokers to accept orders that are too far away from last traded prices. When i point out to them that that there are buyers and sellers showing already, they are adamant, it is against ASX rules and they will not participate. They can't tall for other brokers.
In fact, I have had problems with them even placing an order to sell at "Market". A couple of years ago I bought in AIY at $0.08 and it promptly went to $0.01 Months later, it made a great comeback and traded at $0.09. The Buy side was $0.09 the next was $0.06. I put in an order to sell at market. My order would have taken the whole of the $0.09 and most of the $0.06. Commsec argued that to fill my order it would have meant that it was partially at $0.06 and therefore too far away from the last traded price. It took me a whole afternoon on the phone with Commsec and ASX to resolve the issue. And it was only resolved after I send Commsec an email that if they did not proceed and the share price dropped, I would sue them on the loss of profit.
So the question arises, how do these far away prices get quoted? And it comes back to the ASX. It has rules in place, but ASX rules appear only to apply to some.

Wobbly, my $1 was tongue in cheek.

I am back to my skeptical self. We have nothing! The only value we may have is at Milo. Delayed announcements are almost always bad. (remember I kept posting that with the assay results from Milo?). Directors do not sit on good news. They agonize weeks on how to put the best spin on bad news. And before anybody reaches for their phone to the legal department, I am talking in general here. I am not talking about any specific company. I am talking about ALL Directors.

Pear