bottom at 21.5c, page-83

With regard to that gap up in price to 16.5 cents back on 19 Oct 10, I am really disappointed that today's price action failed to meet Archer's hope that it would be closed. I would have been genuinely happy to see price spike down on low volume this morning to close that gap and get rid of it so we can all move on.

I know that the vast majority of gaps eventually get closed, but price has come within striking range now on four occasions and failed to achieve a close because of sudden buying support. On 10 & 17 Dec it got down to 18 cents, while yesterday's low of 17 cents and today's of 16.5 cents gave two even better chances.

With price now back up at 21 cents (at 14:29), I'm beginning to doubt that this gap will ever be closed - especially with the second tranche of shares at 25 cents to be settled soon and the pressure that event will bring to see price rise again to at least that level. I'm starting to feel more comfortable now that this gap can be disregarded in all future considerations.

Am I missing something?

Regards,
Bones