Ann: Nowa Nowa Exploration Update, page-99

There is precedent only a few months ago that EFE can be a leaky ship, just see September 15th when it went from 0.008 to 0.011 on big volume before it was also issued a speeding ticket, went into a trading halt and the Nowa Nowa exploration drilling plans were announced.

14 Dec 2020


15 Sep 2020


The same exact language was used in both trading halt requests.




Note that in the response to the 15 Sep 2020 trading halt they not only announced the exploration drilling plans but reiterated the new project search.



Moving forward to the 30 Sep Quarterly released on 30 Oct 2020. Notably the biggest changes were that COVID was dropped off being mentioned as a reason for delay in the iron ore project development, a change from the 30 June Quarterly. They also again reiterated they were in commercial discussion for an acquisition following numerous project evaluations.

30 Sep 2020 quarterly


30 June 2020 quarterly


I am sure we will find out soon enough but just wanted to highlight to not completely discount the potential for actual news like in the Sept 15 trading halt.