Australia's largest stock trading and investment forum Australia's #1 stock forum

AB1

Click for more information

0.00%

18.0¢ abarta resources limited

Ann: Update on suspension of securities, page-36

First 36 Last

Share
Profile

Follow
syrsucker

194 Posts.

19

15/10/19

11:57

Post #: 40885586
Share

Originally posted by TheBlueLagoon ↑

The ASX can be a very slow moving beast when it comes to inquiries. I know from experience. I have shares in VRX and they were suspended from trading for around 6 months while the ASX complete their inquiries into a proposed deal. Of course there was a small dip on reopening, because some people obviously need access to their funds after that amount of time and may not be long term investors. But, I'm happy to say that VRX's SP is currently sitting at more than double what it was before the suspension. So a long suspension because of the ASX taking forever with their inquiries does not necessarily mean bad news. I wouldn't be surprised at a small dip on reopening, because of a few panicking or needing access to funds. But it will also depend on the announcements. We really have no clue how long the suspension will last, and what the outcome will be, so any estimates are pure speculation at this point.

Expand

If this was a bank locking people out of a market and not allowing access to their money there would be outcry from everyone and a demand for a royal commission or an inquiry, but the ASX can do this and provide zero information as to why the company is suspended!! why is it so?

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

TNC

True North increases silver metal at QLD's Vero deposit by 20%

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Revolutionary inverter technology leads the clean energy charge

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

There are more pages in this discussion • 49 more messages in this thread...

First 36 Last

Add AB1 (ASX) to my watchlist