This is all very interesting... A lengthy trading halt... Something regarding JORC resources. Probably one of the most intriguing THs I've known.
I doubt that if it is simply something to do with ASX resource reporting it would deserve this lengthy trading halt... but maybe this could be only that. But then you would have thought it would have been a TH at the request of the ASX, not the company, so probably not.
So I am going with a resource upgrade which would fit with the buy-back of the remaining 10% from IDO.
I think the recent SP recovery had absolutely nothing to do with it; buyers just came in at this level as it became a very good buy again. I don't think the ship is that leaky; I've seen much worse. The sp sell down today is a reflection of how leak-free this ship is; I don't think it means anything.
It does concern me the ASX are changing the goalposts, but it just doesn't quite fit.
Resource upgrade....
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3 | 3935000 | 0.010 |
5 | 3617722 | 0.009 |
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