Ann: Response to ASX Price Query, page-50

Had a fantastic bull reversal yesterday indicating a lot of interest on the sidelines. Today's action was bullish and the SP traded all day in the 6s with a very small number crossing .059 at the closing auction. They may be traders with end of week closeouts or perhaps accumulators luring a bit more supply out from the weekend end of session SP Chartists. Traps for young players.

Today's VWAP was 6.0461. The auction less than 10% of the days trades. The screen has a spread of .059 - .061 (no sellers at .06)
Technically, today's action IMO is a typical low range pegging near the high of the previous candle hammer day which signals a floor in the SP.

Fundamentally, another great week of progress in IHL's product/distribution model. Things gathering a lot of pace now. Very exciting times for IHL as they rapidly develop IP and concurrent distribution channels. There is a clear global strategy here and the teams ability to execute quickly is very impressive.

Still a fraction of AGH and BOT MC - for the moment. Hard to see that lasting given this rate of development.