The concern I have is if the letter came from the ASX on the 22nd via email, and asked for an explanation no later than 9:30am on the morning of the 30th of January, which is 8 days later, why would they even provide that response late? The announcement was only made at 11:34am, 2 hours after the deadline. If the answer is true, i.e. "an oversight", why wasn't it responded to earlier? Why wait till after the deadline? They are playing with fire (ASX). This will now prolong the relisting,as the ASX thinks they are incompetent.
IGE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held