and at least we know they have to be relisted by Oct 2025 or it's the end.
but what/why does it take so long to resume trading?
"In early-March, the ASX requested information from the Company to satisfy several requirements
in Chapters 12.1 and 12.2 of the ASX Listing Rules, before reinstatement. The Company
immediately provided this information, including evidence of ongoing exploration activity plans
and details of its sound financial position."
estimated cash at end of June should be around $0.5-0.6M ($0.9m at end of March), they may have to raise additional capital to satisfy 12.2
but for 12.1 it says "the level of an entity's operations must, in ASX's opinion...." so there's no set of rule (standard) for this ASX listing rules, if they want you out you have to be out is that what this rule mean.
and at least we know they have to be relisted by Oct 2025 or...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.605M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 96495 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 100000 | 1 |
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| Last trade - 16.21pm 01/08/2025 (20 minute delay) ? |
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