My view on the suspension of quotation is along the lines of what Pokerface has written. I think that there could be a further extension to Sandy Creek but that would not warrant an extended trading halt as we now have.
My guess is that they have had some very nice hits at NEIP and are buying time to further drill so a better picture can be revealed to the market. Also if the drill results at NEIP filter out and these things always seem to, then there would soon be a “please explain” from the ASX. I think TNG are dealing with this situation in a very prudent manner.
trading halt, page-21
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Last
5.5¢ |
Change
0.002(3.77%) |
Mkt cap ! $97.57M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.7¢ | 5.5¢ | $78.81K | 1.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4026218 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 500024 | 3 |
View Market Depth
| Last trade - 11.20am 18/11/2024 (20 minute delay) ? |
| TVN (ASX) Chart |