The suspension is quite rare these days but back a few years ago (before ASIC/ASX tightened RTO rules) it happened all the time. Got a bit crazy, cowboy central. Changing the rules imo was a good thing. Get rid of the crap that was able to list on the ASX, although of course still too many rubbish stocks remain.
Sometimes it would take 3 months or more and depending on what deal they struck, SP would react accordingly when reopening.
In fact in one BDM's prior iterations (the original Cott Oil & Gas) went into suspension for 2 or 3 months (from memory) and relisted after complying with chapters 1 & 2 into a materials explorer. The raise was 7c, which was higher than the suspension price.
No idea what's going on here but suspension not uncommon. Just have to sit back and chill. It will be what it is, good or bad. Hoping the former!!
2023 Discussion, page-11
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