I'm pretty sure trading halts used to be 3 days long, and now it seems that they are 2 days and a lot of companies are requesting for suspension of trading on that 3rd day. It's happened to another company I hold recently so i'm not sure I would go reading lots into it.
Does the extra day really mean a huge difference in the grand scheme of things? I'm more worried about the details of the raising not about when I get those details whether its today or tomorrow.
As long as it is not a huge raising, and it is going towards value accreditive purposes then its fine by me. Maybe it means the 2nd and 3rd wells will be online faster hence additional revenue earlier.
Look all we can do is speculate, however the fact is we will know before trading tomorrow morning the details were after. Also remember that the quarterly and production figures are coming due so could be quite a bit of information coming through.
HOG Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
