G79 0.00% 2.7¢ goldoz limited

Trading Halt: Why there was none?, page-75

  1. 6,314 Posts.
    lightbulb Created with Sketch. 1285
    Yes, but you you do not address the fundamental issue which is that the auction attendees have more than an inkling as to the value of the rubies, they had this knowledge over the weekend on sighting and evaluating themselves the stones, so whilst the final auction figure may not be known for another 24 hours, the fact they have had the opportunity to value the product gives them privileged info before market open today. A TH should have been requested by MUS late last week to avoid this scenario developing or at least called for a TH prior market open today given a lot of people at the auction would already have a good idea of the outcome value. Its a bit of a grey area I appreciate with auctions as to how to manage the information flow
 
watchlist Created with Sketch. Add G79 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.