In any case, someone was interested in buying some HMX shares today. The first 1.5m shares that were traded raised the SP by around 10%. It then briefly went down a little again and then headed towards 5 cents with another million shares traded. The 37% gain must have caught the attention of Dan (or someone else). There was then a trading pause.
We know that drilling results from the JV with Sumitomo are pending. Then HMX decided to call a trading halt. I don't remember a trading halt being necessary for drilling results in the past at HMX. That wasn't the case with Ajax or Trafalgar. Or am I wrong?
Tomorrow Dan will present at the RSS. I assume that the drilling results could have been published before or after. So either HMX wants to do everything right here and the results are "normal" - but doesn't want to be accused of not reacting to the plus 40%. OR the results are actually so good that they will significantly move the SP and there is a risk that someone has gotten wind of this and therefore - in order to rule out any irregularities - the trading halt has been requested.
If the results are outstanding, then I personally would very much like to see this happen to Dan. Then the timing would be perfect. There is probably nothing better than announcing exciting results fresh from the press at a mining conference.
Then I would like to briefly draw attention to an ASX release on September 7, 2020 in connection with Toby and Shallow.
https://www.investi.com.au/api/announcements/hmx/8a81af6f-f81.pdf
