Ann: Nickel Asset Sale Completion, page-7

My point...
Receipt of the asx-admission letter (on Jan 5th apparently) was arguably a key event.... price-sensitive even....given that receiving that letter, then triggered the new distribution timetable, as outlined in the altered Appendix 3A.5 (released1.58pm 24/12/21)
Decisions to buy or sell MLX shares would have been more informed if , as indicated, "an update will be provided upon receipt by NICO of the conditional admission letter".
Why was the market not informed until after Friday mkt close Jan 7th, rather than promptly on Jan 5th?

This is text of prior distribution announcement (released just prior to mkt close 1.54pm 24/12/21)...

"Metals X Limited (Metals X or the Company) refers to the announcement it made on 21 December 2021, as
regards the sale and spin out of its nickel asset portfolio pursuant to the share sale and subscription agreement
(SSA) executed with NICO Resources Limited (NICO).
As at today, NICO is yet to receive its conditional admission letter from ASX confirming that it will admit NICO to
the official list of ASX. The Company is aware that NICO is addressing with ASX some technical aspects of the ore
reserves reported in NICO’s IPO prospectus (refer Metals X announcement “Nickel asset sale – replacement
Prospectus” dated 24 November 2021) before the formal conditional admission letter is issued to NICO.
Settlement under the SSA, and the effective date for the In-Specie Distribution, is contingent on the formal
conditional admission letter from ASX being received.
As a result, a further revision to the timetable for the In-Specie Distribution as disclosed to the ASX in Metals X’s
Appendix 3A.5 of 21 December 2021 is necessary.
Subject to the timing of receipt of NICO’s conditional admission letter, the timetable with respect to the date for
quotation of NICO’s shares (as detailed in the Replacement Prospectus) may be delayed by a short period and an
update will be provided upon receipt by NICO of the conditional admission letter.
An updated Appendix 3A.5 with respect to the In-specie Distribution will be lodged with ASX following this
announcement, which will include an updated timetable for the In-specie Distribution."