JRPC's point as I understand was that the acquisition can't be...

JRPC's point as I understand was that the acquisition can't be CRL's stake in IG. The stake in IG was consideration for CRL's vend-in of the Springdale Graphite Project.

The vend-in has been voted for and ratified as JRPC correctly pointed out, and is subject to IG listing on the ASX. Even if the 'material acquisition' was theoretically for CRL's stake in IG (and is therefore conditional on the listing of IG on the ASX), it makes absolutely no sense for CRL to be in suspended trading as:

- IG will not be listing for 1-2 months;
- the ASX haven't placed IG in their upcoming listings yet;
- IG's brokers haven't collected funds from prospective investors for the IPO yet; and
- IG haven't released a prospectus for the IPO.

So, my question to you (and all others who believe that the material acquisition is shares in IG) is why would CRL need to be in a suspended trading right now? IG is simply no where near ready for listing.