SMM 20.0% 0.4¢ somerset minerals limited

notice received, page-21

  1. 487 Posts.
    What the heck is going on? Don't screw us over TMR...

    Why release this today? chewy encapsulates the effect this will have on SPP considerers.

    We have to come up with 5k in 1 month and TMR doesn't consider the possibility some people may wish to sell some or all of 5k shares on the second to last day to obtain this cash?

    Would TMR think people would expect this to be good or bad news?

    If good, why not release much earlier than so close to the deadline?

    If bad, why release this on the second to last day of a SPP?

    Unless TMR were expecting a massive influx of sellers today and strategically timed this to prevent such a thing and force sellers to obtain cash from other means in an effort to preserve SP, ha ha... but not likely...

    I guess I will wait to see what the news is, but the timing of this seems very bizarre IMO, unless they were obligated to halt at this time...
 
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