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Ann: Trading Halt, page-21

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PennyP

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19/04/18

14:14

Post #: 32558647
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Originally posted by MarketingMan ↑

Trading halts are required when the company thinks there is a risk that news might leak into the public domain before they can make an official announcement to the market via ASX; potentially meaning that some people would have an unfair advantage (i.e. sell or buy shares before all have the same opportunity to do so).

One can only speculate how this applies to LCK for this trading halt, but for example, if the Minister's office had verbally advised LCK that the minister had signed the approval and LCK will get official documents "soon", the company might prudently decide to call a TH.

My theory is that the Minister (or even the Premier) wants to call a press conference to make the announcement and has requested that LCK hold off releasing the announcement until a slot comes-up in the minister's schedule and the govt media people can complete drafting a release/speech etc. , issue invites to the media launch etc. - if I am right then we should get an announcement this afternoon.

The reason for the minister wanting to announce it might be for several reasons...
1. Good news story
2. Manage public concerns particularly in light of the South East moratorium on fracking and/or potential comparison to the Linc Energy Queensland debacle.

I could be wrong.

IMO
DYOR

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yep MM hope your right. Here comes new hub caps for the P76

LCK Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $9.512M

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Ann: Trading Halt, page-21

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

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Sellers (Offers)

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Ann: Trading Halt, page-21

Top Stories

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News