The company will request a pause if they know they have to stop the shares from trading on the market, but they don't have the request for a halt ready to go straight away. You can pause trading with a phone call. An announcement takes 27 minutes longer.There are no hints either way, but what are the possibilities?
- Something terrible has happened and there's going to be another CR
- Plant in production... finally.
- Massive off-take deal.
- Acquisition of another SOP operation.
- Acquisition by another SOP operation.
- Can't get the plan going so giving up and winding up the company.
I'd suggest 6 wouldn't happen until they'd spent every last scrap of cash and exhausted every option for capital raising. That would be at least several weeks away [note use of sarcasm font here].
4 seems pretty unlikely right now when they should be putting their money into getting the plant going.
Given that the company already has off-take agreements, 3 would be irrelevant until the plant is in production.
That least 1, 2, and 5 in play. And of these only 1 is really evil for we holders. Number 5 at least gives us the opportunity to exit at near our current prices.
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