CLE 0.00% 0.1¢ cyclone metals limited

Don't think they will be around much longer, more likely a long...

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  1. 808 Posts.
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    Don't think they will be around much longer, more likely a long period of suspension, unless thy have a project ready.

    3.4
    Ongoing listing.

    ASX has advised the Company that, in light of the loss of its Marampa project, the Company has until 16 October 2020 to satisfy ASX that it is complying with Listing Rule 12.1, failing which the Company’s Shares may be suspended from trading.

    Listing Rule 12.21 provides that the level of a company’s operations must, in ASX's opinion, be sufficient to warrant the continued quotation of the company’s securitiesand its continued listing.

    Cheers
 
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