Share
3,366 Posts.
lightbulb Created with Sketch. 5
clock Created with Sketch.
13/05/16
10:47
Share
Originally posted by JLB1865
↑
What's with all the tension in here this morning? Relax. Its all good
This is a text book response when you can't make an announcement before open on the day the trading halt lifts. They had to ask for a suspension, that was their only option if they cant meet that deadline. And you are right to say it doesn't take 3 days to response to a ticket, so this obviously won't be a standard "nothing to see here" response.
It is the shortest suspension I have ever seen, they expect to be in a position to make an announcement before open Monday. Therefore, I believe they will make an announcement today, either before or after trading. I've already stocked the bar fridge in anticipation, so I am okay.
In every respect this points towards good news, and big news - the surge in price, the speeding ticket, the surge continuing unabated and then the spectacular opening the following morning before the inevitable plug was pulled on it. The response will clarify reasons matters couldn't be released on the first speeding ticket due to the complexity and sensitive stage at which negotiations were at blah blah blah etc.
All just in my opinion of course, but reading between the lines, I can't find a reason to suggest how it could be bad news or no news.
But .... if its a leak, and I believe it has to be, its humiliating and heads might roll because it got way out of hand obviously to cause this in the first plac
Expand
So many panic merchants
I was in more panic when I was well down at 1.3c and averaging down to justify my decision and faith in TV2
Sit back and wait - TH and suspensions can be good or bad. if you have no clue in the business and have done no research then why bother investing at all - us long termers that went through GAL and still held are all sitting back and very relaxed - time for a cigar and brandy and just watch the day pass through comfortably