Todays ann states " These are issues to resolve regarding the levels of confidence and method of presentation for the resource estimate data prepared within the USA "
My view : 1. If the "levels of confidence and method of presentation for the resource estimate" were poor within the original ann ( which ASX holds and not released yet) then it would have been fairly easy for ASX to dictate as to how to word the ann so as to give the picture. 2. If the "levels of confidence and method of presentation for the resource estimate" - which I believe is the case - then this would mean the company go back and re check / re word and come back to ASX.
Frankly speaking if the ann was poor, then ASX wont give a cr @p as GDN wud get smashed regardless if the ann was to be adjusted and made further poor.
HOWEVER, with good news ASX want conformation. This is compounded/ may be compounded by the fact that GDN previously has has bad ann / words used.
So, in the interest of the investors, ASX is ensuring that news is properly worded and backed up by proper calculations.
I think this is Chockers - and in the mean time GDN is getting time to drill on ( if they have any money left that is )
All this doesnt hold true if the company is insolvent tho.
SO basically I feel ASX wants re re re re conformation of fantastic resource estimates from GDN.
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held