Lets hope NUZ have all the answers for the ASX,, As you pointed out they gave an explanation to the ASX in the last 4c when they had 1.55Q of operating Capital
By not having 2 x Q of Operating Capital or satisfying the ASX regs ,, it instigates 12.1 and 12.2 These questions go to whether the entity meets the requirements in listing rule 12,1 and 12.2 that the level of operations is sufficient and its financial condition is adequate , In the ASX's Opinion to Warrant the the continued quotation of its securities and its continued listing .
which then leads to 17.3 , Suspension not at an Entities Request
Its pretty simple dont breach the 2 x Q operating Capital Requirement and you wont end up at the mercy of the ASX
and CHM and 21 others were suspended on October 1st 2024 for not meeting ASX Requirements..
NUZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)