No its not ok to project numbers. its not even ok for us on hot copper. Its financial advice and we are not qualified to give financial advice.
reporting 14 qtrs of growrh is fine because it has actually happened.
yes the numbers were mechanical examples using big round numbers 10 x 100 x 1000 etc but they were actually close to the truth. Companies can do these projections in newspaper articles up to a point but not company announcements posted on the ASX. Its almost a legal document.
it wasn't a mistake that can just be corrected. The intent was clear.
i think the ASX had a problem with it and it is easier to suspend for 2 reasons
1. Avoids revealing commercial in confidence arrangements
2. The new SP might help raise a loan to pay for the imminient commercial expansion. Lot better than a cap raise in the long term, for us as shareholders.
it does say voluntary so its a company decision albeit to avoid a difficult situation with asx me thinks. Especially around revealing potential in confidence negotiations etc.
and its 'by' 30th june. Think it will all be revealed when the deal is done. Could be in a week or 3 or 5...
very much looking forward to it and i can wait.
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