and at least we know they have to be relisted by Oct 2025 or it's the end. but what/why does it take so long to resume trading?
"In early-March, the ASX requested information from the Company to satisfy several requirements in Chapters 12.1 and 12.2 of the ASX Listing Rules, before reinstatement. The Company immediately provided this information, including evidence of ongoing exploration activity plans and details of its sound financial position."
estimated cash at end of June should be around $0.5-0.6M ($0.9m at end of March), they may have to raise additional capital to satisfy 12.2 but for 12.1 it says "the level of an entity's operations must, in ASX's opinion...." so there's no set of rule (standard) for this ASX listing rules, if they want you out you have to be out is that what this rule mean.
OM1 Price at posting:
7.8¢ Sentiment: None Disclosure: Not Held
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