Yeah, I've seen a company announce the 2 day trading halt, then go to 'suspension from official quotation' mode for another couple of days, followed by a big positive announcement. I'd say anything that triples in under a month in this market would get some attention from the regulator, especially with that director trade just prior.
Well done to HRL holders, shallow geothermal is kicking off bigtime on the ASX and you folks are definitely one of the front runners.
Interesting how HRL hasn't sold off again after the major positive announcement. EHR is probably the closest peer, they just signed a financing deal for 134m and are generally smashing it but after SP rising 35% on the day of the announcement, immediately sell back down to where they started. I've seen this happen to all the other small caps I watch on positive announcements. EHR are frustrated by the ASX and are listing on the TSX just to get some appreciation!
Exciting times ahead. I will look to enter as funds are available.
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