Please. Those that are saying that the purpose of the TH to respond to a Volume and Price Query are 100% incorrect and show no understanding of the operation of ASX Listing Rules.
Upon receipt of a Volume and Price Query (what is colloquially referred to as a Speeding Ticket) Directors must ask themselves whether there is material information that exists that may have caused the escalation in Volume and or Price. If not, they simply would have responded N/a within the ASX 2 hour limit. If there is, they must then immediately bring that information to market, or if unable seek TH to allow sufficient time to bring that information to market.
Whilst the Speeding Ticket has precipitated the TH it is no means the reason for the TH.
Please read ASX Listing Rules - Chapter 3 to inform yourself of this rule which is the fundamental rule upon which ASX operates.
Bottom line is this is good for us holders. Company is in possession of material information that it will bring to market. I for one think it relates to results from Mt Adrah but everyone is welcome to have a guess what the material information might be!
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Last
27.8¢ |
Change
-0.003(0.89%) |
Mkt cap ! $343.8M |
Open | High | Low | Value | Volume |
27.5¢ | 29.0¢ | 27.5¢ | $398.7K | 1.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 288789 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 103813 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 288789 | 0.275 |
9 | 158012 | 0.270 |
9 | 107438 | 0.265 |
11 | 124120 | 0.260 |
4 | 254320 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 99170 | 7 |
0.285 | 54487 | 8 |
0.290 | 53477 | 4 |
0.295 | 61868 | 5 |
0.300 | 206013 | 9 |
Last trade - 15.05pm 11/07/2024 (20 minute delay) ? |
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