My thinking here is:
1. the announcement says it is ”an update on government permitting”. If it was good news about an export license I expect they would have a) been able to announce it immediately or at least b) prefigured it in the trading halt notice by referring to said export license. The language is quite different between “permit” and “license”.
2. would you take almost a full week to deliver good news? If an export license had been granted there is no further ‘paperwork’ required. A voluntary suspension suggests to me they are either trying to negotiate with the government, or need to determine how best to present it to the market.
3. to see them have to resort to an ATM facility and have the gall to slip it out after hours on a Friday is really very poor; it’s akin to suggesting your investors are idiots. That certainly colours my view of this matter.
My thinking here is:1. the announcement says it is ”an update on...
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Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 27.0¢ | $604.7K | 2.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 118181 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 28.5¢ | 23820 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 29.0¢ | 27.5¢ | 831103 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
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