Hi All, I've been following this well out of curiosity. Back in the day I too used to believe that trading halts during a drill campaign could only be a good thing. Like why would management put a halt on the trading of the stock if they found nothing? Or at least something of little substance?
Turns out that trading halts during drill campaigns can lean both ways...
ADX in 2010.
Here's their request.
http://www.asx.com.au/asxpdf/20100906/pdf/31sbt599yc4rlz.pdf
Here's the announcement.
http://www.asx.com.au/asxpdf/20100907/pdf/31sck682tbpmbl.pdf
The well was abandoned just a few days later.
http://www.asx.com.au/asxpdf/20100908/pdf/31sd7b6fppp6gq.pdf
I'm not trying to be all doomy and gloomy, but just keep this in the back of your minds.
Having said that I really hope this well comes off because TNP/QPN alike could absolutely sky rocket if the results are good.
Best of luck this week!!!!
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