Ann: Drilling update No. 6 - Agbaja Iron Ore Expl, page-4

re: Ann: Drilling update No. 6 - Agbaja Iron ... @ Sachz..

I believe that a company (under a voluntary trading suspension) is granted up to 4 months to alter or adjust their structure or whatever they nominated in their request for suspension.

In Energio's case, this time is almost up. If they fail to re-list or meet ASX requirements to re-list, they can stay private until such time they meet ASX requirements. After the 4 months lapses, it is a new application to re-list rather than a request. Depending on what Energio want to do as far as timing their list back into the market, the time is indefinite. So my question was if anyone has any further info into if they plan to come back on or these delays are simply to pass the 4 month re-list time. It is more complicated for the company to re-apply. By the sounds of everything, they want to come back....but with a boom! I personally don't think they'll hold out but I'm doubting each day it doesn't come back on. This is my understanding. If anyone else could enlighten...