No way. ASX and ASIC would crucify them if that happened. Clearly whether or not SKI exercise it is material information which would need to be announced "immediately" and without delay" as per the listing rules. In addition, if the option is exercised an Appendix 3B would be released regarding the issue of shares. Further, within 2 days of being issued their shares SKI would need to put out an initial substantial shareholder notice.The tweet or whatever today said that OFFICES were closed (i.e the staff are off, receptionist, pay roll, geos, tenement manger etc).......the Board and Co-Sec still have their obligations (including under continuous disclosure) and those obligations never "close".
If there is SKI movement it clearly, by law, needs to be be announced and dealt with regardless of the Christmas period.
No clue if SKI will exercise or not, but we will know before 7 January......or the Company is in breach of the law.
Dec 31st D-Day, page-356
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