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Ann: Trading Halt, page-69

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Brickingbad

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14/12/21

14:01

Post #: 58283453
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Originally posted by aflyingfish: ↑

So in the spirit of unnecessary overanalysis, the wording of the IDT Trading Halt announcement is very interesting:

"The Company requests the trading halt in order to consider its response to a forthcoming public announcement by the Australian Government in relation to its Approach to Market: proposals to establish an onshore mRNA manufacturing capability; and Australia’s mRNA translation and manufacturing ecosystem more generally, which the Company is not in a position to announce to the market at present."

My thoughts:

1. It seems very unlikely that IDT would go into a trading halt if their "response to a forthcoming announcement" is "we are sad that we're not involved. Stuff you guys". So to me, this indicates something to consider. This could be "Would you like a small piece of fill and finish work?" "Would you like to sell your facility to Moderna?" "Would you like X amount of funding to do Y"? And it seems to me that they'd need to consider this, rather than saying in the trading halt "We're going to announce a partnership", if they're considering it, it means they might not do it, so they haven't given any details while they're just working things out.

2. The second part is a mystery to me and if anyone has some idea I'd love to hear it. "Australia’s mRNA translation and manufacturing ecosystem more generally, which the Company is not in a position to announce to the market at present." What on earth does this mean? To me all I can gather is that it means more than nothing, which I see as a good thing.

What a mystery!

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point 2 - I agreed I have no clue what they are talking about after reading it 10+ times lol. can't blame it the CFO done the letter

IDT Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $38.66M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.5¢	$11.44K	104.0K

Buyers (Bids)

No.	Vol.	Price($)
1	519	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	149865	3

View Market Depth

No.	Vol.	Price($)
1	519	0.110
4	298400	0.105
4	1062473	0.100
1	15000	0.098
2	15500	0.096

Price($)	Vol.	No.
0.115	149865	3
0.120	106155	4
0.125	174981	2
0.130	101000	3
0.135	140000	2

Last trade - 16.10pm 28/06/2024 (20 minute delay)

IDT (ASX) Chart

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