Trading halt has been called pending release of assay results.
VMS has not previously used a trading halt to release Tassie iron ore results, so:
1. Assay results are better (read material) than anything released previously - new area discoverd?
2. Assay results will be accompanied by an intial JORC resource.
3. Trading halt is being used to avoid any further carnage related to the US market over the next few days before news can be released to support share price prior to option exercise.
I hope its 2, but more likely to be 1.
trading halt , page-3
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