Ann: Suspension from Official Quotation, page-4

First 4 Last

Share
Profile

Follow
builda

668 Posts.

8

20/06/18

16:55

Post #: 33833517
Share

Originally posted by Ooogerbooger ↑

Trading halts typically are 48 hrs. But this is not a trading halt, it's a suspension. And it's not voluntary, it has been imposed by the ASX under listing rule 17.3: https://www.asx.com.au/documents/rules/Chapter17.pdf

That's the rule whereby e.g. mining companies get temporarily suspended for not producing their quarterly cash flows by the required date. But that doesn't apply here. I note that the ASX notice specifically says the suspension is in relation to a pending "announcement in relation to the Woodlark project".

So there has been some sudden development in relation to Woodlark. So sudden, that the ASX had to move without getting a formal written request from GPR? But I thought the company could request a trading halt over the phone anyway, so I don't think that explanation works. So did the ASX gets its info from a third party? Or from the news - has there been a coup in PNG??

Interestingly, the ASX has not suspended Kula Gold. Which makes no sense at all.

Executive summary: I have no idea.

Expand

This is new to me too. I haven't seen a suspension before which wasn't preceded by a TH unless it was a breach of listing requirements as you note. Yesterday it was only gut feel some news was due on new drilling etc. This appears to be bigger news but it is strange why KGD is still trading if it relates to Woodlark? Also note less than 100k traded in KGD today with only a small irrelevant price rise.

GPR Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

MQR

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

LTR

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.9¢		Change 0.001(3.57%)		Mkt cap ! $93.88M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.9¢	$1.09K	37.31K

Buyers (Bids)

No.	Vol.	Price($)
2	71392	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	30370	1

View Market Depth

No.	Vol.	Price($)
2	71392	0.028
2	429666	0.027
3	190961	0.026
1	200000	0.025
1	100000	0.024

Price($)	Vol.	No.
0.029	30370	1
0.031	544000	2
0.032	121843	2
0.033	60000	1
0.035	530251	2

Last trade - 15.53pm 07/08/2025 (20 minute delay)

GPR (ASX) Chart

Ann: Suspension from Official Quotation, page-4

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Suspension from Official Quotation, page-4

Top Stories

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News