Well perhaps it's not ALL due to the ASX. There are a number of...

Well perhaps it's not ALL due to the ASX. There are a number of conditions especially those of compliance.

From the Company's report:

"This agreement is subject to the following conditions:
 Gateway to conduct a capital raising to raise a minimum of A$25,000,000 at $0.012
per share;
 satisfaction of all necessary approvals, including ASX approvals and waivers,
shareholder approval and other approvals required from any relevant regulatory
bodies;"
"
DIRECTORS’ REPORT
 Gateway re-complying with Chapters 1 and 2 of the ASX Listing Rules; and
 Gateway making arrangements to divest itself of its current package of gold and base
metal tenements (subject to shareholder approval).
Transaction Documents
The Company has now executed all necessary documents to give effect to its purchase of
QCIH. The transaction remains subject to a number of conditions precedent, including ASX
and shareholder approval, and completion of a capital raising.
ASX has recently confirmed that it considers that the transaction will constitute a change innature and scale of the Company’s activities for the purpose of the Listing Rules, and that
the Company will be required to re-comply with Chapters 1 and 2 of the Listing Rules, in
addition to obtaining shareholder approval to conduct the transaction. The Company intends
to hold an extraordinary general meeting to approve the transaction and re-compliance with
Chapters 1 and 2 of the Listing Rules.
As a result of completing the transaction, the Company will change the nature of its activities
from a mineral exploration company, engaged in the exploration for gold and base minerals,
to a company that will focus on developing and producing hard coking coal.

Sentiment: soon to be "buy" and "held"