Ann: Trading Halt, page-87

It's more procedural. Read Guidance note 16 s 17.1. In order to grant a request for a TH the ASX must be satisfied it is for a good reason so as to keep them at a minimum. In this case an offtake agreement has been signed and the market is not aware of the details. Therefore that gives rise to a possible disorderly market. So by saying it is material, CXO is saying we need a halt to be able to inform the market of something substantial. If we do not halt then it may leak out to Boregy and his mates will get an advantage. I think it is ASX code for tick the bloody box please and give us a TH. All companies seems to use it.