They wouldn't have a trading halt for relinquishing ground. Last...

They wouldn't have a trading halt for relinquishing ground. Last update on the quarterly was as follows:

Merlin Prospect• Fully funded 2019 field season has commenced post wet season• Deep penetrating ground EM completed at Merlin• Deep diamond drilling to commence August
Quick Shears Prospect• Deep penetrating ground EM ongoing at Quick Shears• Assay results confirm Ni-Cu sulphides at Quick Shears in outcrop• Quick Shears mapping campaign reveals extensive outcropping Ni-Cu sulphide system• Review of historic helicopter electromagnetic data highlights numerous untested anomalies• Two untested conductive targets are coincident with recently discovered Ni-Cu sulphide in the Ruins Dolerite.
West Kimberley JV (IGO-BUX)• 6,102 line-km of Spectrem airborne EM completed• BUX-IGO JV strike farm in agreement with Baracus for 560km2 of highly prospective tenure• IGO earning 80%, BUX free carried to Feasibility Study.

I would imagine that in Sept, the drill bit has tested the moving loop EM targets and has proved positive through visual analysis of the core (but not by assay). Given that the company is well funded (with a guarantee that IGO will underwrite the next capital raise - they did the last one at 20 cents), they have no need to promote the vsuals in the core to the market. Instead what they have done is gone out and done a regional land grab before the price of everyone's tenements goes through the roof and doing deals start to become harder, especially now that there are other players in the area. IGO would have probably driven the strategy through their experience at the Fraser Range. Mark Creasey, major shareholder of IGO would have no doubt be consulted about this, looked at the data and supported the strategy. Good news is that, if all of the above is correct, its only a matter of time before BUX rockets. Of course, this is all IMHO and you need to do your own thinking and research.