CAY 1.67% 15.3¢ canyon resources limited

Ann: Voluntary Suspension - Extension, page-19

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 284 Posts.
    lightbulb Created with Sketch. 76
    Not really. they are in suspension because some information in the BFS has been released outside the company but the BFS is not complete to a standard that is acceptable to release as an ASX announcement.

    it is most likely (given what was said in the investor webinar) that JS let some information out during his sydney selling tour that was too much and then the BFS has been delayed for whatever reason. so to comply with continuous disclosure they called a trading halt and then VS until the BFS is in a state that can be released by ASX.

    who knows why the BFS has been delayed, it could be because of delays with the ASX approving the announcement, MCC not completing it properly or in time, or changes were asked for by CAY. But the fact is that some information from the BFS has leaked outside of the company and the BFS ins not currently ready for disclosure to the wider market.

    that does not stop the company from working on off takes or anything else in the back ground. in fact it could be the reason that we are currently in suspension. it is entirely possible that CAY took some of the information that they know is in the BFS and gave it to a financier and that is why they have suspended trading. the suspension wouldnt be lifted until the information that they gave out was released to the wider market, and CAY wouldnt need to disclose that they are working on finance until an agreement had been reached.
 
watchlist Created with Sketch. Add CAY (ASX) to my watchlist
(20min delay)
Last
15.3¢
Change
0.003(1.67%)
Mkt cap ! $215.6M
Open High Low Value Volume
15.0¢ 15.3¢ 15.0¢ $55.04K 366.9K

Buyers (Bids)

No. Vol. Price($)
4 486244 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 489167 7
View Market Depth
Last trade - 11.57am 15/11/2024 (20 minute delay) ?
CAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.