"...a trading halt in respect of all its listed securities for up to 2 business days, effective immediately, pending an announcement regarding a corporate transaction and an update on the Great White Kaolin Project."
We love a trading halt. Frisson.
Two elements, both involving both ADN and MEP.
The corporate transaction may or may not tidy up the JV structure. As always, the devil is in the detail. A GW change of control would have to be for paper and at an acceptable ratio. Retail holders plumping for 2-1 are probably about right.
The GW update should be the long awaited DFS/BFS, due about now.
Woo Hoo!
Ash
MEP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
