Share
320 Posts.
lightbulb Created with Sketch. 8
clock Created with Sketch. 25/06/18
16:34
Share
Originally posted by Lazarus65
↑
Not so strange IMO, but who knows what the ASX is concerned about? RMP is in suspension because of ASX listing rule 12.1 which effectively says they had no projects or prospects to pursue and therefore could not trade. They did have over $10m cash at the last half-yearly. One would think that the 'Western Blocks' consortium would be grounds to satisfy Listing Rule 12.1 and that they would soon trade. Interestingly, I note that RMP just hired a new CEO from Exxon. Perhaps a lifting of suspension may be at hand. Not that it should matter to the consortium members if one of their members was publicly traded or effectively privately held. Perhaps ASX sees differently....or they expected RMP to also communicate to the market through the ASX?
Expand
hI,
(20min delay)