>I can't tell whether it is an ASX or company driven thing but either way it has to be substantial one >way or another otherwise they would not have gone into a suspension.
The announcement does say the company requested the suspension.. so I presume it will be positive.
My guess is that, maybe the company was trying to prop up the SP (eg large bid @ 6c), and maybe got caught out too early for say a Capital Raising or SPP. And now have to maybe bring forward plans a bit &/or clear with 3rd party etc.
But agree a speeding ticket for a penny/speculative stock I would think 50+% would be more appropriate, or is the Tech boom really over??! sigh!!
- Forums
- ASX - By Stock
- Ann: Suspension from Official Quotation
>I can't tell whether it is an ASX or company driven thing but...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review