Maybe the SS is claiming 6b usd in Tin and the asx is not happy...

First 29 Last

Share
Profile

Follow
ericson

1,812 Posts.

1461

04/10/18

11:52

Post #: 35992887
Share

Originally posted by ozblue ↑

From other Scoping studies done by companies with similar TH followed by suspension it has been because the ASX rejected part or a lot of the information included in the SS, so a lot of back and forth discussion occurred between the company and ASX, until the documentation was acceptable to ASX.

In a company where I was in the top 10 shareholders last year this also happened. When the SS was released, within an hour I received a phone call from one of the directors explaining what had happened and why the SS did not look as good as many thought it would, ie "the ASX would not let us say XYZ etc, but the project is still viable/good, despite looking not so flash in the release''.
I assume there is a good chance that such an occurrence will happen here.

Given the extra time until Tuesday for SS release, I would assume there is more than one minor issue the ASX have with the release, just based on past experience. The other possibility is that one of the experts they need some clarification from is out of contact until Monday.

Last week, SYA released their DFS, there was no halt in trading nor suspension, it traded the previous Friday, DFS released 9.18AM Monday morning, trading commenced at usual time. Obviously the ASX found that one to be fine straight away. (I personally don't like it!!)

It is all about what you can say in a SS not what you want to say, I've been trying to say this for weeks!!

Expand

Maybe the SS is claiming 6b usd in Tin and the asx is not happy as it’s actually 5.86 b usd.

AVZ Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
23 Upvote

0 Great analysis

Reply