I have not received any information but here is my take:
I note some suspensions by ASX under listing rule 17.3 gives the reason why, usually if they have not complied with a rule as per:
17.3.1 The entity is unable to, or unwilling to comply with, or breaks, a listing rule
I also don't think 17.3.2 or 17.3.3 applies so maybe the suspension falls under the final clause:
17.3.4 It is appropriate for some other reason
So what could that reason be?
Looking at the ASX listing rules I went to Chapter 12 - Ongoing Requirements and note the following rule:
Level of operations
12.1 The level of an entity's operation, must, in ASX's opinion, be sufficient to warrant the continued quotation of the entity's securities and its continued listing.
With Woodlark being the major asset of KGD but incrwasingly under the control of GPR after satisfying Tranche 2 requirements, maybe 12.1 is applicable here. So that is my take. The fact that GPR CEO Ron Heeks purchased family shares today makes me believe this suspension is not of concern to GPR and gives comfort to me as a GPR shareholder.
Interested in any other views here as to the reason for suspension.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.865M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $3.104K | 287.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 609334 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 60619 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 609485 | 0.010 |
11 | 3511484 | 0.009 |
11 | 2156000 | 0.008 |
6 | 5937523 | 0.007 |
6 | 1319995 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 60619 | 2 |
0.012 | 2129938 | 5 |
0.013 | 179000 | 2 |
0.014 | 164046 | 2 |
0.015 | 1047815 | 4 |
Last trade - 14.07pm 06/05/2024 (20 minute delay) ? |
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